Aid and development
Multilateral development assistance
Govt, World Bank Group discuss disaster risk management
The Department of Waterways under the Ministry of Public Works and Transport is concentrating on the implementation of the South East Asia Disaster Risk Management Project in Laos. The project development objective of the proposed South East Asia Disaster Risk Management Project shall be funded by ...
PM weighs in on rice lending
Rice millers said on September 18 they welcomed the prime minister’s announcement that the government would make over $20 million in funds available shortly to support cash-strapped millers and prop up falling paddy prices.“We’ve been waiting for these loans for a long time like fish waiting ...
Climate change adaptation project launched to sustain wetlands
A project valued at US$4.7 million was launched on September 12 in Vientiane, aiming to help communities in and around the Xe Champhone, and Beung Khiat Ngong wetlands to adapt to the impacts of climate change. The Ministry of Natural Resources and Environment’s Department of Environmental Quality ...
North Korea flooding kills 133, displaces 107,000 - UN
Flooding from heavy rain in North Korea has killed 133 people in its northeast while 395 are missing, with many homes and critical infrastructure destroyed, a U.N. agency said on September 12. News of the natural disaster came as North Korea looked even more isolated from ...
Laos launches SDG 18 to make lives safe from UXO
Prime Minister Thongloun Sisoulith and UN Secretary-General Ban Ki-moon September 8 inaugurated the Lao PDR’s own national Sustainable Development Goal on unexploded ordnance during the ongoing ASEAN Summits. The SDGs have been drawn up by the United Nations as targets for developing countries. Goal No. 18, which ...
More angels coming in search of worthy investments
Two months since a group of angel investors visited Phnom Penh in search of startup investment opportunities, the organisation behind the initiative is planning an even bigger scouting mission, looking for investment opportunities in the Kingdom’s small but vibrant startup community. Seven members of the Mekong ...
Access to healthcare improving in Xekong
Xekong province is among the poorest in Laos, with an infant mortality rate of 70 per 1,000 live births and a maternal mortality ratio of 357 per 100,000 live births, according to 2015 statistics from the provincial health office. Xekong province was one of five provinces-targeted ...
Southeast Asian economy grew 4.6% in April-June
The Southeast Asian economy is recovering, posting the sharpest growth in a year and a half in the April-June quarter. The real gross domestic product of five major countries in the region – Indonesia, Thailand, Malaysia, Singapore and the Philippines – expanded 4.6% from a year earlier, surpassing the 4.4% ...
ADB sells $1.3 billion in global green bonds to spur climate financing
The Asian Development Bank has raised $1.3 billion to help finance climate change mitigation and adaptation projects with the issue of dual-tranche 3-year and 10-year green bonds, following its inaugural green bond issue in 2015. Last year, ADB announced that it will double its annual climate ...
World Bank staff point to 'leadership crisis' at global lender
Staff at the World Bank delivered a broadside against its sitting president this week, saying the global lender faced a “crisis of leadership” and risked irrelevance on the world stage. The rebuke, made in an open letter from the Bank’s staff association, came as informal talks ...
