In March 2009, the Asian Development Bank (ADB) approved a loan of $50 million to the government-owned Development Bank of the Philippines (DBP) for the Credit for Better Health Project.
The project line is a section of the Eastern Economic Corridor of the Greater Mekong Subregion (GMS) Economic Cooperation Program. It opened in the early 1900s and runs for about 285 kilometers (km) northwest from Hanoi to Lao Cai City on the border with Yunnan province in the People’s Republic of China (PRC).
Tuvalu, a fragile microstate and the smallest member of the Asian Development Bank (ADB), has a small and narrowly based economy that is highly dependent on external sources of income and imports.
Due to high transaction costs, poor logistics performance, and a proliferation of nontariff barriers, South Asia was one of the least integrated regions in world trade until 2012.
In 1998, the government of India launched the National Highways Development Project (NHDP) to upgrade key arteries of the national highways network and relieve the system’s chronic capacity constraints that had long been adversely affecting the economy.
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