WB offers aid for higher education, urban development in Vietnam

On June 30, the World Bank’s (WB) board of executive directors approved the financing of two projects —to help build a climate-resilient city in the Mekong Delta and improve the quality of Vietnam’s three national universities—at US$422 million. The Vietnam University Development Project, financed through credit ...

Gia Phong

Myanmar: Project to Boost Agricultural Productivity, Support Farmers in Wake of COVID-19

The World Bank’s Board of Executive Directors today approved a $200 million credit from the International Development Association (IDA) to increase agricultural productivity and diversification and enhance market access for Myanmar farmers, with a strong focus on inclusion for smallholder farmers, women and other vulnerable ...

Kyaw Soe Lynn, WB in Myanmar; Nick Keyes, WB in Washington

Vietnam development model needs upgrade: WB

Vietnam has reached an inflection point in its economic development and needs to look for new models, the World Bank says. In a report it released on Wednesday, ‘Vibrant Vietnam: Forging the Foundation of a High-Income Economy’, the WB said domestic and foreign business environments in Vietnam are ...

Ha Thu

World Bank approves $20 million to assist Cambodia fight COVID-19 pandemic

The World Bank has approved a $20 million line of credit from the International Development Association (IDA) to assist Cambodia’s COVID-19 emergency response. This is part of the banks first emergency support package dedicated to fast-track COVID-19 aid. The World Bank said, the funds will help ...

Sok Chan

Public services get $7.67 million boost through World Bank grant

The World Bank has approved two complementary grants totalling $7.67 million to support social accountability in key public services such as health centres, primary schools, and local administrations in 10 provinces in Cambodia. An announcement on Friday said access to public services in Cambodia has improved ...

Long Kimmarita

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

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 ...

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