Multilateral development assistance
World Bank
World Bank loan will not be used for govt salary increases, says president’s office spokesperson
Government employees’ salaries will not increase despite plans to take out a loan worth US$100 million from the World Bank, aimed at covering a state deficit by separating salaries from the budget, according to government officials. Myanmar’s President Htin Kyaw sent a message on August 5 ...
World Bank approves loan to poverty reduction fund
On 13 July, the Ministry of Finance signed a US$30 million agreement with the World Bank aimed at continuing to finance Laos’ Poverty Reduction Fund, improving livelihoods and upgrading infrastructure for residents of 150 rural villages in over 40 districts of 10 target provinces. The funding will ...
Nearly 4,000 bridges to be built in remote areas
The second phase of a bridge building programme, which aims at building nearly 4,000 bridges in remote areas, will be kicked off next month, said Nguyen Van Huyen, director of the Directorate for Roads of Viet Nam. Under the programme, a total of 3,959 bridges, including ...
Observers urge Govt to create new export markets, boost trade volume
A recent World Bank report says that trade growth in Myanmar could reduce poverty and boost prosperity, but local observers say in order for that to happen the government must implement economic policies that increase export markets. The Myanmar Diagnostic Trade Integration Study released last week by the ...
Cambodia’s solar sector set for bright future
The Kingdom’s ability to produce renewable energy boosted with $30m funding from Climate Investments Funds. With almost half the population of Cambodia without access to electricity, the announcement today of $30m in funding for renewable energy projects should come as welcome news. The $8.1-billion Climate Investments Funds, ...
World Bank provides US$30m for fight against poverty
The World Bank has agreed to provide a low interest loan of US$30 million to fight poverty in Laos, a government source has said. The Lao government will contribute another US$6 million bringing total funding from the three sources to US$52 million. This amount will be ...
Donors pledge millions to extend fight against poverty
Switzerland has agreed to provide a grant of US$16 million, while the World Bank has expressed its intention to offer a low interest loan of US$30 million to fight poverty in Laos. If secured, the funds will be used to finance Phase III of the Poverty ...
World Bank helps Vietnam improve transport, flood control
The World Bank on 29 April approved more than US$500 million in support for improvements to road and bridge connections as well as flood control and sanitation conditions in Vietnam. The project aims to protect more than 255,000 residents and about 5,720 hectares out of 8,390 frequently ...
Vietnam leaders applaud WB support of local development
Vietnam’s Prime Minister Nguyen Tan Dung expressed appreciation for the WB’s co-operation in Vietnam’s socio-economic development, especially in poverty reduction and sustainable development as he met with World Bank (WB) Group President, Jim Yong Kim, in Hanoi on 23 February. He also spoke highly of the ...
Boeung Kak protesters pelt World Bank office with eggs
Villagers evicted by the development of Boeung Kak lake took their protest to the World Bank headquarters in Phnom Penh on 1 February, demanding to meet with the bank’s Cambodia country manager, Alassane Sow, and pelting the building with eggs after being rebuffed. Keep reading ...
