Multilateral development assistance

This month, the World Bank published a proposal for a $100 million development project in Rakhine state, the region of western Myanmar that recently saw the systematic ethnic cleansing of the Rohingya Muslim community. The aim of the project is to fund credit for small businesses in ...

THE GLOBAL community has to take immediate action to conserve biodiversity and maintain healthy ecosystems in order to avoid catastrophic consequences to every life brought about by the impact of human activities. On the occasion of International Day for Biological Diversity today, international environmental experts insisted ...

The World Bank will approve the disbursement of $1 billion to Cambodia to develop priority sectors in the next five years, according to the Ministry of Economy and Finance. The announcement was made by a World Bank delegation during a recent meeting with Acting Minister of ...

Concerted actions and tangible achievements over the past 10 years of the Mekong-Japan Cooperation have significantly contributed to the transformation of the Mekong region to be one of the global growth centers. Japan’s commitment to promote quality growth-both hard and soft infrastructure connectivity- further boosts economic ...

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 ...

Golden Myanmar Investment Consortium, which was formed by investors from China, Hong Kong and Myanmar to develop industrial zones, is planning to set up a new zone in Htantabin township, Yangon, the Yangon Region government and Yangon Region Investment Committee have announced. The creation of the ...

Hundreds of indigenous Karen people in Thailand face evictions from a national park that authorities wish to turn into a World Heritage Site, joining millions in a similarly precarious situation as authorities worldwide push tough conservation laws. The Kaeng Krachan is Thailand’s biggest national park, sprawled ...

Prime Minister Prayut Chan-o-cha urged Asean members on Wednesday to maintain a good balance between promoting cross-border trade and suppressing transnational crime, which he said holds the key to meeting the region’s sustainable development goals. He made the remark during a speech at Wednesday’s opening of the ...

The World Bank Group today launched its Action Plan on Climate Change Adaptation and Resilience. Under the plan, the World Bank Group will ramp up direct adaptation climate finance to reach $50 billion over FY21–25. This financing level—an average of $10 billion a year—is more ...

Ahead of the inaugural Mekong-Republic of Korea Summit and ASEAN-ROK Commemorative Summit next year, the two sides can benefit together by tackling the development challenges of the future, according to a group of experts at the sixth Mekong-ROK Business Forum on Dec. 13 in Seoul.  “Korea ...