Within the past 2 decades, Cambodia had transformed from a post-conflict country to a small, open and vibrant economy, growing by more than 10% in 2004 and maintaining a double-digit expansion through 2007.
Beijing and Tianjin municipalities and Hebei province make up the economically important Beijing–Tianjin–Hebei (BTH) region in the northern part of the People’s Republic China (PRC). Home to 109.2 million people, the region generated 10% of national gross domestic product (GDP) in 2013. It is an engine of PRC’s socioeconomic development, but poor air quality jeopardizes sustainable growth.
Following the recession triggered by the 2009 global financial crisis, Armenia’s infrastructure public spending fell sharply, causing further deterioration of the country’s road and water assets and services. To help address the situation, the Asian Development Bank (ADB) approved in August 2014 a $49 million concessional loan from the Asian Development Fund for Armenia’s Infrastructure Sustai
Pakistan’s nationalization program in the 1970s led to significant government ownership of companies and parastatal bodies across all economic sectors. Recognizing the limitations of this setup, the government started privatizing selected entities in the 1990s.