World Bank

The China-led Asian Infrastructure Investment Bank, which seeks to help plug Asia’s infrastructure-funding gap, has begun shifting the economic balance of power and influence in Southeast Asia, a region in which Japan and the United States have traditionally been the key external economic players. While ...

Through the 8th National Socio-Economic Development Plan , Laos has focused on maintaining high economic growth that benefits all people and in continuing to reduce poverty. The country welcomes the work of its international partners to improve and enhance the assistance they provide to help the ...

Economic growth in Laos will remain buoyant however the region still faces significant risks to growth, according to a new World Bank report. The outlook of the Lao economy remains favourable overall but with increasing downside risks GDP growth is projected to remain at around seven ...

Despite an onset of risks—the uncertainty of upcoming elections, a looming E.U.-Vietnam free-trade deal and a rising U.S. dollar—the immediate outlook for Cambodia’s economy remains bright, a World Bank report released on October 5 says. But the country will have to address looming challenges now in order ...

Prime Minister Nguyen Xuan Phuc congratulated Ousmane Dione on his appointment as new Country Director for the World Bank in Vietnam at a reception at the Government’s headquarters in Hanoi on October 4. He said the WB is important to Vietnam and bilateral relations are being ...

More than 13,000 vulnerable children in 137 floating villages along the Tonle Sap river and Tonle Sap lake in Kampong Chhnang and Pursat provinces will have access to early childhood education under a $2.7 million project announced on September 28. Beginning mid-2017, children 5 and younger ...

The Environment Protection Fund and the World Bank recently provided funding for the second phase of four environmental and social protection sub-projects in Laos at a cost of more than US$4 million. The first sub-project named Capacity Building for Pollution Control, Waste and Hazardous Chemicals 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 ...

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 ...

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 ...