The World Bank Group Board adopts a new Country Partnership Framework to support Laos in efforts to stabilise its economy.

The World Bank Group Board of Executive Directors has discussed a new Country Partnership Framework (CPF) for 2023-2026 to support Laos in efforts to stabilise its economy, share the benefits of economic growth more equitably, and sustain development progress. The CPF, a programme of project finance ...

Times Reporters

World Bank highlights opportunities and challenges for Lao economy

The Lao economy is projected to steadily recover in the medium-term, but growth will remain below pre-pandemic levels at 4.5 percent in 2022. The Lao economy is projected to grow at 3.6 percent, down from the 4 percent growth anticipated in March 2021. The main risks ...

Somsack Pongkhao

Lao PDR: Additional World Bank Funding Approved for National Poverty Reduction Fund

WASHINGTON, December 2, 2019 – The World Bank’s Board of Executive Directors today approved $22.5 million in additional funding for the Poverty Reduction Fund, one of the Lao PDR Government’s main vehicles to address rural poverty.The additional funding will support agriculture-related activities under the government’s National ...

World Bank

World Bank to finance Lao green growth reform

VIENTIANE (Vientiane Times/ANN) – The World Bank has agreed to provide credit of US$40 million to the government to foster its green growth reform. The international financial institution announced this week that its executive board of directors made the loan approval decision on May 28. However, there ...

Ekaphone Phouthonesy

World Bank approves loan for public finance management in Laos

A project titled Enhancing Public Finance Management through Information and Communication Technology and Skills (E-FITS) will be carried out in Laos to improve financial reporting and develop administrative capacity for revenue collection, public procurement, and budget execution.Laos will also benefit from the Public Financial Management ...

Times Reporters

World Bank reaffirms support for Lao green growth initiative

VIENTIANE (Vientiane Times/ANN) – The World Bank has reaffirmed its commitment to stand with the government as it implements its green growth initiative, according to a senior Bank official.“The green growth vision laid out by the government will be key to ensuring that economic growth ...

Ekaphone Phouthonesy

Public Financial Management A Path To Maximize Return On Investment in Future of Laos: World Bank

With a growing population and rapidly developing and urbanizing socio-economy requiring investment in human resources and infrastructure, the calls on public finances in Laos are larger than ever.These needs are spread across all the sectors you’d find in most countries, along with some particular challenges like unexploded ordnance (UXO).More. ...

The Laotian Times

World Bank Board of Directors Approves Support for Nutrition and Public Financial Management in Lao PDR

WASHINGTON, March 14, 2019 – Lao PDR will benefit from US$72 million in new financing, under three projects approved today by the World Bank’s Board of Executive Directors, which focus on reducing malnutrition in children and improving public resource use and service delivery.More ...

World Bank Teams

Govt, ADB, WB review funded-projects in Laos

The Lao government, Asian Development Bank (ADB) and World Bank (WB) jointly opened the floor for discussion in Vientiane yesterday on ADB and World Bank-funded projects in Laos.More ...

Times Reporters

Sustainable business growth promotion gets WB backing

The World Bank has approved US$13 million to promote reforms to the business environment in Laos and to reduce the number of days needed to start a business.More ...

Times Reporters

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