Multilateral development assistance

Asian Development Bank (ADB)

The Asia Development Bank Extends a $250 million loan to Cambodia

The Asian Development Bank (ADB) on July 8 approved a $250 million loan to help the Cambodian government rebuild the country’s economy that has been severely affected by the Coronavirus Disease 2019 (COVID-19) pandemic. According to the ADB’s press release, this loan will go toward strengthening ...

ADB to extend loans in support of development in Myanmar

Myanmar is planning to take a US$60 million loan from the Asian Development Bank (ADB) to establish a Credit Guarantee Corporation (CGC), U Maung Maung Win, the Deputy Minister for the Ministry of Planning, Finance, and Industry, said in Parliament on May 21. The proposal ...

THIHA KO KO

Vietnam’s Economy to Grow Fastest in Southeast Asia Despite COVID-19: ADB

According to the Asian Development Bank (ADB), Vietnam’s economy has shown strong growth in 2019, as a result of high domestic demand, a strong manufacturing and processing industry, and high Foreign Direct Investment (FDI). The second outbreak of COVID-19 in March started a new phase in the fight against the pandemic, severely ...

Do Thanh Ha

Viet Nam's Economy to Remain One of the Fastest Growing in Asia Despite Sharp Slowdown Due to COVID-19

Viet Nam’s economic growth rate is expected to slow sharply in 2020, to 4.8%, from the initial supply shock to economic activity from the outbreak of the novel coronavirus (COVID-19) and the subsequent and ongoing drop in demand from Viet Nam’s principal trade and investment ...

Myanmar to Upgrade Urban Infrastructure in State Capitals, Border Town

The Myanmar government is planning to upgrade basic infrastructure and enhance urban management of three major cities in Mon and Karen states that lie along Japan’s planned East-West Economic Corridor for the Greater Mekong Subregion (GMS). Minister of Construction U Han Zaw said Monday that his ...

Nan Lwin

ADB seeks co-financing of Thai projects

The Asian Development Bank (ADB) is looking to co-financing deals of mass transit, double-track rail and renewal energy projects with the Thai companies, said Hideaki Iwasaki, the bank’s country director in the Kingdom.  He said Thai government is in a strong fiscal position and has not borrowed much ...

ADB boosts support for region

In prioritising Southeast Asia in its assistance, the multilateral lender would get involved in many operations in the region, said Ramesh Subramaniam, the director general of the bank’s Southeast Asia department. Subramaniam told the ADB annual meeting yesterday that the development lender would invest around US$5 ...

Khine Kyaw

ADB loan to boost highways

Thailand has gained a US$99.4 million loan from the Asian Development Bank (ADB) to help upgrade some of the country’s highways and improve road safety in the Northeast. []“Transport infrastructure is an important driver of growth for Thailand’s economy,” said Subramaniam. “Improving the country’s road network ...

ADB allots $339.4M for grants, assistance

The Asian Development Bank (ADB) will set aside $339.4 million for grants and technical assistance to low-income and developing member countries as approved during the just-concluded annual meeting of its board of governors. In a statement, the Manila-based lender said the board had approved $690.1 million ...

$66b invested in Greater Mekong Sub-region: ADB official

The Greater Mekong, including Việt Nam, is expected to have a colossal US$66 billion poured in to strengthen regional economic co-operation in the next five years, said an Asian Development Bank (ADB) official on Tuesday. Keep reading ...

VNS Reporter

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