Development funding gets the backing of leaders

Leaders of five Southeast Asian nations yesterday collectively pushed forward the setting up of sub-regional development funds in the hope they would increase self-sufficiency by driving construction of “missing-link” projects. The new co-managed funds were proposed at the summit of the Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS ) attended by government leaders from Thailand, Cambodia, Laos, Myanmar and Vietnam.

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