Aid and development

Multilateral development assistance

Myanmar to Upgrade Urban Infrastructure in State Capitals, Border Town

The Myanmar government is planning to upgrade basic infrastructure and enhance urban management of three major cities in Mon and Karen states that lie along Japan’s planned East-West Economic Corridor for the Greater Mekong Subregion (GMS). Minister of Construction U Han Zaw said Monday that his ...

Nan Lwin

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 ...

FM Don backs push for multilateralism

Thailand has joined the 52 other members of the Asia-Europe Meeting (Asem) in stressing the need to revitalise multilateralism amid ongoing challenges to the world order. The 14th Asem Foreign Ministers’ Meeting held in Madrid on Sunday and Monday ended with a chairman’s statement. “Ministers underlined the ...

WB approves additional funding for disaster recovery in Laos

The World Bank’s Board of Executive Directors Last Friday approved 50 million U.S. dollars of additional financing in Southeast Asia Disaster Risk Management Project in Laos and the Lao Road Sector Project II. The additional funding will help reduce the financing gap for reconstruction following widespread ...

Xuxin

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