Multilateral development assistance
World Bank
World Bank Group Announces $50 billion over Five Years for Climate Adaptation and Resilience
The World Bank Group today launched its Action Plan on Climate Change Adaptation and Resilience. Under the plan, the World Bank Group will ramp up direct adaptation climate finance to reach $50 billion over FY21–25. This financing level—an average of $10 billion a year—is more ...
Lao government, World Bank assess renewable energy development in southern river basin
The Lao government and the International Finance Corporation (IFC), a member of the World Bank Group, are conducting a basin-wide Cumulative Impact Assessment (CIA) of renewable energy development in southern Laos’ Xekong River Basin. According to local online newspaper Vientiane Times on Sunday, it is the ...
WB Provides Loans for National Roads’ Improvement in Cambodia
World Bank has provided a low-interest loan of $60 million to the Royal Government of Cambodia to upgrade the quality of National Road No.3 and National Road No. 7 with a total length of 218 kilometer. Minister of Public Works and Transport Sun Chanthol signed ...
World Bank cuts growth forecast for Myanmar amid slowing investments
[] “Myanmar’s macroeconomic environment remains stable, though economic growth is slowing to 5.9pc in 2016-17 compared to 7pc in 2015-16, weighed down by slower investment demand,” the Washington-based lender noted.Despite notable reforms and strong foreign investment commitments, investment demand decelerated as private investors bided their time ...
Thompson Chau
World Bank provides 250b kip for prevention of natural disasters
The World Bank has provided financing of more than 250 billion kip (US$31 million) to Laos, to implement the Lao Southeast Asia Disaster Risk Management project. The project will invest in urban flood risk management in Oudomxay province, and in more reliable hydro-meteorological services across ...
Benefits flow as nation, World Bank join hands on water management
The World Bank has approved more than 207.2 billion kip (US$25 million) of additional financing for the Mekong Integrated Water Resource Management Project (MIWRM) in Laos. This additional support will continue to improve the country’s national water resource management systems. The Ministry of Finance and the ...
World Bank supports disaster risk management in Laos
The World Bank will provide US$30 million to Laos as part of its continuing support for disaster risk management projects that will enable the Asian nation to lessen the impact of natural disasters. The World Bank’s Board of Executive Directors in Washington recently approved financing ...
World Bank committing over US$2b to support three Asean nations
The World Bank is currently supporting 43 active projects in Laos, Myanmar and Cambodia, with commitments of over US$2.7 billion as of June, according to a recent report. Of the total figure, 18 projects are in Laos with the total commitment of US$437 million, while ...
World Bank Appoints New Director for Region
The World Bank has appointed a new director for Cambodia, Burma and Laos, it said in a media statement on Tuesday. Ellen Goldstein, a 30-year veteran at the bank and previously the director for the West Balkans and earlier for Bangladesh and Nepal, will be ...
Laos, WB sign up to green growth transition
Ministry of Finance and the World Bank on June 7 signed an agreement for more than 316 billion kip (US$38.6) million in credit to support key policy reforms to maintain the country’s strong economic growth. The agreement expects to benefit more people, especially the poor ...
