Aid and development
Multilateral development assistance
World Bank provides emergency financing for small businesses
The World Bank’s Board of Executive Directors last week approved US$40 million in emergency finance support for small and medium-sized businesses in Laos to help them recover from the impacts of the COVID-19 pandemic, the bank said in a press release. The funding will be channelled ...
Times Reporters
China commits to share year-round water data with Mekong River Commission
China on Thursday signed an agreement with the Mekong River Commission (MRC) to share year-round data on the flow of its portion of the vital waterway amid concern that Chinese dams may be causing drought downstream in Southeast Asia. A push for more data from China’s ...
Reporting by Kay Johnson; Editing by Ed Davies, Martin Petty
Learning lessons from COVID-19 in Myanmar
Thaw Lay, a high school student from Yangon, the capital of Myanmar, knew that this school year would be unlike any other. “I was excited, but I also knew that things would be a little different, when school reopened later this year”, he recalls. Thaw Lay ...
ADB supports Thailand green bonds for Covid-19 recovery
The Asian Development Bank (ADB) is assisting the government of Thailand in designing, issuing and monitoring innovative capital market initiatives as part of the country’s recovery from the Covid-19 pandemic in a manner aligned with the 2015 Paris Agreement and the UN Sustainable Development Goals. ADB’s ...
Chito Santiago
Vietnamese minister calls for urgent joint actions to conserve biodiversity
Minister of Natural Resources and Environment Tran Hong Ha, on behalf of the Vietnamese Government, has called on countries to combine strength and coordinate actions in a more urgent, drastic and practical manner to protect biodiversity – a priceless natural resource. Ha made the appeal at ...
VNA
Asia sees first regional recession in 60 years
The Asian Development Bank (ADB) says the Covid-19 pandemic has pulled the region’s developing economies into recession. It is the first time in six decades that “developing Asia” – a designation that includes 45 countries – has seen a regional slump. The ADB says developing Asia’s economy ...
Thailand Receives Grant to Protect the Ozone Layer and Climate
Thailand signed a US$5 million grant agreement with the World Bank today in support of reducing the import and use of ozone-depleting chemicals by 2023 by more than 60 percent, as part of the country’s obligations under the Montreal Protocol. Thailand is one of the world’s ...
Newsroom
Mekong Delta needs $6.7 billion for smart climate change projects
The Mekong Delta, Vietnam’s agriculture hub, needs $4.7 to $6.7 billion in 2021-2025 for smart projects to tackle climate change, the World Bank says. A report released by the bank last week says there are considerable opportunities for further development of the Mekong Delta region, which ...
Hoang Vu
MFA Welcomes China's Initiative in Tackling Mekong Issues
PM Prayut Chan-o-cha is set to attend a summit on Mekong River with China and five other riparian countries next week, the foreign ministry said Friday. The 3rd Mekong-Lancang Cooperation Summit will be held entirely online on Monday due to the ongoing coronavirus pandemic, ministry diplomat ...
Khaosod English
Indigenous activists clash with UN over proposed park
When farmer May Cho Win learned that a conservation project proposed by the U.N. Development Program in Myanmar would include the land she’s worked for over a decade, the 28-year-old wondered how she and her husband would be able to support their three children. “Without our ...
VICTORIA MILKO
