Aid and development
Multilateral development assistance
IMF urges Thailand rate cuts that central bank says not needed
The International Monetary Fund called on policy makers in Thailand to cut interest rates in the face of a sluggish economy and low inflation, an approach that the central bank says isn’t necessary. Thailand needs expansionary fiscal and monetary policies to help spur an economy that’s ...
UNICEF pledges to improve child welfare in Laos
The United Nations Children’s Fund has committed to strongly supporting the Lao government’s efforts to improve the quality of education and healthcare as well as combat malnutrition problems in the country. Ms Hongwei Gao, UNICEF Lao PDR Representative stressed the importance of providing opportunities and a supportive ...
Govt, ADB consult on new country partnership strategy
The Lao government and the Asian Development Bank have jointly discussed preparations for the new ADB Country Partnership Strategy 2017-2021, to align ADB’s support with Lao development priorities in its next five year plan. The consultation meeting was held in Vientiane on 2 June and was jointly ...
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 ...
ADB affirms support for Lao development
ADB President Takehiko Nakao on 4 April met Lao Prime Minister Thongsing Thammavong, Minister of Finance Dr Lien Thikeo and Minister of Planning and Investment Mr Somdy Douangdy, to discuss how the ADB can support the country’s infrastructure, private sector, skills development, and health services to enable ...
Lao Govt, UN review development progress
The Lao government is keen to cooperate with its development partners to fulfil the priorities of the 8th National Socio-Economic Development Plan for 2016-20 in view of its implications for graduation from Least Developed Country status. To ensure that the government achieves its development goals, the ...
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 ...
Magical Laotian town preserved by UNESCO
It is officially described as the best-preserved city in Southeast Asia, a bygone seat of kings tucked into a remote river valley of Laos. Luang Prabang weaves a never-never land spell on many a visitor with its tapestry of French colonial villas and Buddhist temples draped ...
