Aid and development

Can Tho, EU forge cooperation in climate change response

Leaders of the Mekong Delta city of Can Tho and the EU Delegation to Vietnam on November 23 shared a hope for multilateral cooperation in climate change response. At a reception for the EU Delegation, Tran Viet Truong, Chairman of the municipal People’s Committee, said Can ...

VNA

USDA Awards $25 million to Help Feed Lao Children in Need

The United States has announced new funding of $25 million over five years to feed children in schools across the Lao PDR.  The U.S. program, funded through the U.S. Department of Agriculture’s (USDA) McGovern-Dole International Food for Education and Child Nutrition Program project, will be implemented by ...

U.S. Mission Laos

Thailand borrows US$ 1.5 billion from ADB to fight Covid-19

The borrowing is a part of an executive emergency decree empowering the Thailand’s Finance Ministry to seek loans up to one trillion baht ($32 Bln) to combat economic and social problems resulting from COVID-19 . Finance Minister Arkhom Termpitayapaisith and Hideaki Iwasaki, country director for the ...

Changyong Rhee

S. Korea to donate US$10 mln for COVID-19 vaccine support to developing nations, Moon says

President Moon Jae-in on Friday held a summit with leaders of Southeast Asia’s Mekong River nations via video links, in which he promised to contribute US$10 million to help provide new coronavirus vaccines to developing nations. “We will contribute $10 million for coronavirus vaccine support to ...

Chang Dong-woo

Forestry department, JICA discuss draft forestry strategy

Lao officials and representatives of the local office of the Japan International Cooperation Agency (JICA) have discussed progress on the first draft of the forestry strategy till 2030 which aims to push the country’s forest coverage by 70 percent. The two sides held the 6th Joint ...

Times Reporters

ADB Approves $484-Million Loan for Expressway Linking Myanmar’s Bago Region, Mon State

The Asian Development Bank (ADB) has approved a US$484-million (624.52-billion-kyat) loan to construct a new expressway connecting Bago Region and Mon State, which lie along Japan’s planned East-West Economic Corridor, a grand infrastructure scheme for the Greater Mekong Subregion (GMS). The ADB said the new GMS ...

NAN LWIN

Vietnam agrees to World Bank deal to stop forest loss

Vietnam is set to receive tens of millions of dollars to help it keep a promise not to cut down trees, part of a controversial World Bank program that critics say does not produce its intended effect — carbon emission reductions. The Southeast Asian nation has ...

LIEN HOANG

IFC Helps Businesses In Poorest Countries Fight Pandemic With US$4 Billion In COVID-19 Financing

IFC’s pandemic response is focused on reaching the most vulnerable people in developing countries. Of the US$8 billion in IFC COVID-19 fast-track financing approved by the IFC Board in March 2020, US$4 billion has been committed to date, of which close to half is expected to benefit people ...

KPL

World Bank provides emergency financing for small businesses

The World Bank’s Board of Executive Directors last week approved US$40 million in emergency finance support for small and medium-sized businesses in Laos to help them recover from the impacts of the COVID-19 pandemic, the bank said in a press release. The funding will be channelled ...

Times Reporters

Japan helps Cambodia on environment issues

Japanese Minister of Foreign Affairs Toshimitsu Motegi announced on Wednesday that Japan will provide Cambodia with assistance to improve its urban areas, combat plastic litter in oceans, and fight terrorism. The commitment was revealed during a phone conversation between Motegi and Minister of Foreign Affairs and ...

Niem Chheng

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