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

Mekong Delta needs $6.7 billion for smart climate change projects

The Mekong Delta, Vietnam’s agriculture hub, needs $4.7 to $6.7 billion in 2021-2025 for smart projects to tackle climate change, the World Bank says. A report released by the bank last week says there are considerable opportunities for further development of the Mekong Delta region, which ...

Hoang Vu

Thailand accepts World Bank’s climate change grant

In addition to several projects and agreements approved in the Cabinet meeting yesterday, the government has agreed to accept a 5 million dollar U.S. grant from the World Bank to reduce emissions of hydrofluorocarbon gas (HFC), which is one of the greenhouse gases affecting the ...

National News Bureau of Thailand

Major Impact from COVID-19 to Thailand’s Economy, Vulnerable Households, Firms: Report

Thailand’s economy is expected to be impacted severely by the COVID-19 pandemic, shrinking by at least 5 percent in 2020 and taking more than two years to return to pre-COVID-19 GDP output levels, according to the World Bank’s latest Thailand Economic Monitor, released today. The COVID-19 pandemic ...

World Bank Thailand

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

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