New ADB-Lao PDR strategy to support inclusive, sustainable growth

The Asian Development Bank’s (ADB) Board of Directors has endorsed a new 4-year country partnership strategy (CPS), which is expected to deliver $421 million in assistance through 2020 to the Lao People’s Democratic Republic (Lao PDR).

The new CPS will help the country achieve more inclusive and sustainable economic growth by diversifying its economy, increasing trade with its neighbors, and boosting private investment in small- and medium-sized enterprises. …

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The Financial News Staff