Lao State agencies urged to comply with procurement law
State agencies that intend to spend more than 5 million kip of state funds must put project contracts up for bid, according to the Ministry of Finance.
Deputy Prime Minister and Minister of Finance, Mr Somdy Duangdy, signed a ministerial guideline earlier this month defining the new procedures state agencies must comply with when making use of state funds.
The decision is viewed as a renewed attempt by the ministry to force state agencies to comply with the Law on State Procurement and ensure that expenditure is worthwhile and justified.
Ekaphone Phouthonesy
