Put Asia's funds to work for progress, says ADB VP Liqun Jin
09 Mar '06
3 min read
GMS is Asia's most rapidly integrating subregion. Transport networks and economic corridors along the subregion's east-west and north-south axes are transforming GMS into a more integrated and competitive economic grouping.
The subregion is expected to be fully interconnected by 2012 not only through the transport links being developed under the GMS program, but also through the adoption of standardized arrangements on the movement of goods and people across borders.
Studies conducted by ADB and the World Bank have shown that infrastructure development is fundamental to supporting the processes of growth and to help the poor access basic services, which can improve their lives and income opportunities. At its best, infrastructure can draw poverty reduction, service provision, and growth together in a reinforcing cycle.
ADB, based in Manila, is dedicated to reducing poverty in the Asia and Pacific region through pro-poor sustainable economic growth, social development, and good governance. Established in 1966, it is owned by 64 members - 46 from the region. In 2005, it approved loans and grants for projects totaling $6.95 billion, and technical assistance amounting to $198.8 million.
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