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Overview: The Greater Mekong Subregion (GMS) Economic Cooperation Program

Overview: The Greater Mekong Subregion (GMS) Economic Cooperation Program. GMS Program in a Nutshell. Participating Countries : Cambodia, People’s Republic of China, Lao PDR, Myanmar, Thailand, and Viet Nam Strategic Priorities :

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Overview: The Greater Mekong Subregion (GMS) Economic Cooperation Program

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  1. Overview:The Greater Mekong Subregion (GMS) Economic Cooperation Program

  2. GMS Program in a Nutshell • Participating Countries: Cambodia, People’s Republic of China, Lao PDR, Myanmar, Thailand, and Viet Nam • Strategic Priorities: • Vision – a more integrated, prosperous, and equitable subregion • “3Cs” – Connectivity, Competitiveness, Community • Economic Corridor Development

  3. GMS Program in a Nutshell • GMS projects – totaled $15 billion as of end-2011; 56 investment projects • ADB Assistance - $5.1 billion; • GMS governments-$4.3 billion • Development partners-$5.6 billion • GMS technical assistance-$286.1 million as of end-2011; 177 technical assistance projects

  4. GREATER MEKONG SUBREGION ENHANCING CONNECTIVITY, COMPETITIVENESS AND COMMUNITY Strategic Framework 2002-2012 Strategic Thrusts Action Plan Goals Vision Strengthen infrastructure linkages • Transport • Telecommunications • Energy • Environment • Tourism • Trade • Investment • Human Resource Development • Agriculture • Accelerated and sustained economic growth • Reduced poverty & income disparities • Improved quality of life • Sustainable management of environment & natural resources Facilitate cross-border trade, investment & tourism • More Integrated • Prosperous • Harmonious • Subregion Enhance private sector participation & competitiveness Develop human resources & skills competencies Protect environment & promote sustainable use of shared natural resources

  5. Sector and Multi-sector Priorities GMS Strategic Framework (2012-2022) Vision Implementation Corridor Development • Resource Mobilization • Knowledge Platform • Capacity Building • Stakeholders • Engagement • Monitoring & Evaluation • Sector Forums • Working Groups • Strategic Alliances and • Partnerships • External Partners Transport Linkages (Roads and Railways) Energy and Power Market Integration More Integrated Prosperous and Equitable Subregion Tourism (Mekong as single destination) Agriculture (Competitive, Climate-friendly and sustainable ICT Linkages and Applications Environmental Performance (Enhanced) HRD initiatives (facilitate process of GMS integration and address negative consequences)

  6. GMS Summit Ministerial-level Conference National Coordinating Committee in Each Country ADB GMS Secretariat Senior Officials’ Meeting Forums/Working Groups in Nine Priority Sectors Institutional Structure Priority Sectors of Cooperation: Agriculture Energy Environment Human resource development Investment Telecommunications Tourism Trade and transport facilitation Transport

  7. Roads • Telecommunications • Power Transmission Line • Infrastructure Development in GMS (1992)

  8. Roads • Telecommunications • Power Transmission Line • Infrastructure Development in GMS (2010)

  9. Roads • Telecommunications • Power Transmission Line • Infrastructure Development in GMS (2015―2020)

  10. Competitiveness and Community: The “Softer” Aspects of Regional Cooperation and Development • Transport and Trade Facilitation: the GMS Cross- Border Transport Agreement • Core Environment Program (CEP) • Promoting GMS as a single tourist destination • Core Agricultural Support Program • Building capacity for development management; comprehensive HRD Strategy

  11. Major Challenges and Issues (I) • Recovering from the economic downturn and mitigating /counteracting its long term negative impact • Rebalancing of economies • Mitigating future contagions • Transforming the GMS connectivity or transport corridors into genuine economic corridors • Commitment to required institutional/policy reforms • Close/effective engagement of the private sector • Tapping more fully into opportunities offered by economic resurgence and dynamism in Asia • Effectively linking with economic giants, China and India • Taking advantage of complementarities /synergies with other regional cooperation initiatives, e.g., ASEAN

  12. Major Challenges and Issues (II) • Addressing global warming and climate change • “low carbon” development path • mitigation or adaptation • Addressing the risks in other “soft” areas usually associated with increased connectivity • Communicable disease control • Human trafficking and transnational crime • Flood and drought management • Biodiversity conservation corridors. • Respond to changing demographics and increased urbanization • HRD, labor and migration – safe migration/protection • urban infrastructure services and utilities • Sustaining investments in infrastructure • Increased mobilization of private investments for the GMS program, including public-private partnerships

  13. Thank You For more information: on the GMS Program – visit http://www.adb.org/gms

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