World Bank okays $86 mln for energy efficiency in Vietnam

The World Bank will provide Vietnam with $86.3 million to support the development of a commercial financing market for investing in industrial energy efficiency. The provision includes a $8.3 million grant used to build private sector capacity to execute energy efficiency projects, the bank said in ...

Dat Nguyen

World Bank debars German oil and gas contractor for 13 months

The World Bank has announced the 13-month debarment of Germany’s Ferrostall Oil & Gas (FSOG), an engineering, procurement and construction contractor for oil, gas and other industrial plants. It is in connection with an alleged fraudulent practice under the Bank-financed Ayeyarwady Integrated River Basin Management Project in Myanmar. The ...

Priyanka Shrestha

Lao PDR: New Project to Protect Landscapes and Enhance Livelihoods

The World Bank’s Board of Executive Directors today approved a US$57 million project to help Lao PDR promote sustainable forest management, improve protected area management, and enhance livelihoods opportunities in eight provinces across the country. Project funding comes from the World Bank’s International Development Association, ...

Newsroom

Lao PDR and World Bank sign $42 deal to reduce emissions from deforestation

The Lao PDR and the World Bank’s Forest Carbon Partnership Facility (FCPF) have signed an agreement to provide up to $42 million between now and 2025 to support the country’s efforts to reduce emissions from deforestation and forest degradation (REDD+). A ceremony today marked the launch of this ...

Covid exposing weakness, inequality of Thai education: World Bank

A new World Bank report links declining student performances in reading and stagnation in maths and science scores to inequality and inefficiency of investment across Thai schools. School closures due to the Covid-19 pandemic may accelerate these trends, warns the report released on Wednesday (December 9). ...

Wichit Chaitrong

Ministry seeks ideas on Mekong Delta master plan

The Ministry of Planning and Investment, in coordination with the World Bank, held a conference on November 26 to seek ideas and consultations from leaders of Mekong Delta localities, experts and scientists for the delta’s Integrated Regional Master Plan in 2021-2030 with a vision to 2050. The draft master plan ...

VNA

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

Thailand Receives Grant to Protect the Ozone Layer and Climate

Thailand signed a US$5 million grant agreement with the World Bank today in support of reducing the import and use of ozone-depleting chemicals by 2023 by more than 60 percent, as part of the country’s obligations under the Montreal Protocol. Thailand is one of the world’s ...

Newsroom

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