Your World of Legal Intelligence
 United Kingdom | +44 (0) 20 7284 8080

GMS Leaders Endorse 10-Year Strategy to Promote Sustainable, Inclusive Development Amid COVID-19.

Document Cited in Related
Vincent

ENPNewswire-September 10, 2021--GMS Leaders Endorse 10-Year Strategy to Promote Sustainable, Inclusive Development Amid COVID-19

(C)2021 ENPublishing - http://www.enpublishing.co.uk

Release date- 09092021 - GMS Leaders Endorse 10-Year Strategy to Promote Sustainable, Inclusive Development Amid COVID-19.

Leaders from the six member countries of the Greater Mekong Subregion (GMS) today endorsed a new 10-year strategy to promote sustainable, inclusive development and strengthen economic integration to combat threats such as the coronavirus disease (COVID-19) pandemic, climate change, trade barriers, and rapid urbanization.

The GMS Economic Cooperation Program Strategic Framework 2030 (GMS-2030), lays out the GMS program's mission for the first time, with a focus on regional cooperation and sustainable development. The strategy, which was released at the 7th GMS Leaders' Summit hosted by the Government of Cambodia, also calls for member countries to work together on a multi-sector, multi-thematic response to the pandemic based on a new GMS COVID-19 response and recovery plan.

'ADB's near-term priority is to help economies recover from the COVID-19 pandemic,' said Asian Development Bank (ADB) President Masatsugu Asakawa. 'In parallel, our assistance will pave the way for inclusive, sustainable, and resilient development in the long term, in line with GMS-2030. ADB will continue to play a central role in coordinating the GMS Program and leverage ADB's financing and knowledge support by collaborating with the private sector and other development partners.'

The pandemic has pushed 8 million more people in the GMS countries into poverty, and more than 340,000 migrant workers have been forced to return home. The GMS 2030 strategy calls for the subregion to overcome the challenges it faces by deepening regional cooperation and integration in key areas and continue the GMS program's work on connectivity, with a project-led approach to development and long-term regional policy cooperation.

The 2021-2023 GMS COVID-19 Response and Recovery Plan aims to help countries address the health...

To continue reading

Request your trial
COPYRIGHT Normans Media Ltd.

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT