Ministers from countries in the Greater Mekong Subregion are meeting Dec. 12-13 in China to discuss progress on developing a framework that identifies a pipeline of projects in the region in 2012-2022.
Review of progress in crafting the Regional Investment Framework is among key points on the agenda of the 18th GMS Ministerial Meeting to be attended by officials from Cambodia, China, Myanmar, Laos, Thailand and Vietnam.
The development of the framework was endorsed as part of the 2012-2022 economic cooperation program approved by GMS leaders at their summit in 2011. This framework identifies investments and nonlending projects needed to support the economic program.
A list of specific projects for the investment framework is expected to be ready for review by 2013, but key principles and priorities have already been drafted. Based on country assessments, for instance, the framework is expected to propose projects to extend, complete, and align highways and railways in Myanmar. Technical assistance projects may also be proposed to address software issues in the country’s transport sector.
The framework is also expected to include at least $600 million worth of projects in the areas of sustainable forest management, rural renewable energy, urban environmental management and climate change adaptation.
Overall, projects proposed to be included in the framework are worth $9 billion so far. The Asian Development Bank, among other donors and multilateral development banks, is expected to finance these projects.
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