Aid and development

ADB set to slash Thai GDP growth forecast

The Asian Development Bank (ADB) will revise down its GDP growth forecast for Thailand to lower than 2.9% this year following the country’s slower-than-expected performance in the first half.  However, the new growth forecast, due to be announced on 22 September, will be higher than 2.5%, ...

Korea extends support to Laos for ASEAN integration

The Korea International Cooperation Agency (KOICA) will provide more than US$13 million (more than 104 billion kip) in assistance to Laos next year in various sectors of development. KOICA President Kim Young-Mok announced the support when he paid a courtesy call on Prime Minister Thongsing Thammavong ...

Parliament approves more than $300m in soft loans

The Pyidaungsu Hluttaw on 26 August gave the green light to US$305 million in new development loans focused on improving electricity supply, water supply and a major highway. MPs approved a $240 million loan from the Asian Development Bank, $20 million from the ASEAN Infrastructure Fund ...

Sumprabum IDPs miss out on state government aid

The Kachin State government has ruled out providing aid to most people displaced by fighting in Sumprabum township because they have fled to areas close to Kachin Independence Army-held territory. The state government and Tatmadaw have in recent weeks blocked local aid groups from sending aid to ...

New strategy for Japan, Mekong cooperation

Japan and four Southeast Asian nations along the Mekong River Basin – Vietnam, Laos, Myanmar and Thailand – have approved a plan to speed up industrial development in the region. Keep reading ...

Flood coordination drastically improved, but not without flaws

According to the National Natural Disaster Management Committee, the ongoing flood crisis has critically affected more than 1.6 million people, displaced over 333,000 households and killed at least 110 people. The massive relief effort is still under way, with the current outpouring of humanitarian aid more ...

Poverty reduction for Laos receives boost from further World Bank financing

The Government of Laos and the World Bank on 17 August signed agreements for three projects aiming to improve the efficiency and reliability of electricity, to improve women’s and children’s health and nutrition, and to enable the construction of vital infrastructure including schools, health clinics, roads, ...

In Myanmar, doing aid better

Around the world, the way foreign aid works is coming under wider scrutiny. Criticisms of an increasingly privatized international aid “industry” include claims that many of its approaches are too top-down, inflexible and ineffective. Reformers also question the relationships between large international aid organizations and their ...

World Bank ups Vietnam GDP forecast

Vietnam’s economic growth could reach 6-6.2 percent this year underpinned by further recovery in domestic demand, in turn reflecting robust private consumption and investment growth, according to a World Bank report.   The medium-term outlook for Vietnam is positive on balance in the context that growth in developing ...

Vietnam to seek additional loan for Chinese-built Hanoi elevated railway

The government has decided to seek an additional loan from the Chinese government for a Chinese-built elevated railway project in Hanoi that is becoming infamous for slow progress and ballooning costs. Keep reading ...

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