Aid and development

EU to suspend some of Cambodia trade benefits over human rights

Cambodia’s government is preparing for the European Union to partially and temporarily remove the country’s Everything But Arms (EBA) trade privileges on Wednesday, in the wake of a 2018 political crackdown. The EU warned Cambodia last February it would withdraw the scheme unless it made more effort to improve the ...

Leonie Kijewski

FAO help train Lao officials on climate mapping, zoning

 Lao government officials completed a three-week training course on advanced Geographic Information Systems, which was implemented by the Food and Agriculture Organization (FAO) to enable them to undertake climate mapping and zoning. The training course, funded by the Global Environment Facility, covered spatial analysis, geo-databases, network ...

Yhy

WB supports Laos in disaster reconstruction, resilience

The Lao Ministry of Finance and the World Bank signed a financing agreement of 50 million U.S. dollars on Tuesday, extending support to the ongoing Lao People’s Democratic Republic Southeast Asia Disaster Risk Management Project and Lao Road Sector Project II. Bounchom Ubonpaseuth, Lao Deputy Minister ...

Xinhua

World Bank Classifies Laos as Lower-Middle-Income Economy for 2020

The World Bank has classified Laos as a lower-middle-income economy in its latest classification for the 2020 fiscal year. The bank classifies the world’s economies into four income groups, namely high, upper-middle, lower-middle, and low, based on Gross National Income (GNI) per capita in U.S. dollars. Lower middle-income economies are those ...

Taejun Kang

New $212m financing for climate-friendly projects in Vietnam

A new financing package of $212.5 million (£162m) has been announced to support climate-friendly projects in Vietnam. The funding from IFC, a member of the World Bank, will enable VPBank to expand its lending to small and medium businesses and boost financing for projects that help reduce carbon ...

Priyanka Shrestha

Promoting biodiversity-friendly trade in the Mekong region

Countries in the Mekong region have been leaders in developing products and services based on the sustainable use of biodiversity for years.   Many have also ratified the Nagoya Protocol on Access and Benefit-sharing, which sets a minimum standard for regulations on accessing genetic resources and sharing ...

WB’s Vietnam Development Report 2019 launched

The Vietnam Development Report 2019 “Connecting Vietnam for Growth and Shared Prosperity” was co-launched by the World Bank (WB) and the Ministry of Planning and Investment in Hanoi on Wednesday. It presents a comprehensive overview of connectivity issues in Vietnam, using a set of new analytical ...

World Bank aids Vietnam’s transition to a solar auction program

The Global Infrastructure Facility’s (GIF) Governing Council has approved $1.5m in funding to support the World Bank’s work with the government of Vietnam on a Solar Pilot Auction Program. The GIF, working with the World Bank’s Energy Global Practice, will help the government to design and ...

Don Sahong hydropower dam in Laos connects to Cambodian grid

The Don Sahong hydropower dam in Laos has begun operations and this week connected its power grid to Cambodia, a Cambodian official said on Wednesday as the country steps up electricity imports after continued power outages last year. Don Sahong, which was designed for an installed ...

Prak Chan Thul

Japan offers $5m for refugee resettlement in Myanmar's Kachin

The Japanese government announced in late December that it will launch an aid program to help internally displaced people in a conflict zone in Myanmar’s northern state of Kachin to return home. China has strong influence in northern Myanmar, including Kachin. Countrywide, Japan and China are ...

Yuichi Nitta

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