During the period 1997-2009, the Agence Française de Développement (AFD)-Asian Development Bank (ADB) partnership started on an ad hoc basis in the Greater Mekong Subregion (GMS) region and became fully institutionalized in terms of co-financing arrangements over the years. Between 1997 and 2010, joint activities by ADB and AFD have resulted in 38 co-financed operations amounting to United States Dollars (USD) 2,668.91 million for ADB and USD 1,107.40 million for AFD. Thierry Senechal conducted a review of these co-financing activities in 2010.