Over half a century ago, Lao PDR began its journey to become a modern nation and committed itself to long-term development ambitions. It has delivered electricity, schools, roads, and has become an important energy exporter.
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WASHINGTON, November 24, 2014—Partners in the Global Agriculture and Food Security Program (GAFSP) today announced $107 million in grants to five countries−Benin, Bhutan, Kenya, Laos PDR, and Timor Leste−for... Show More + country-led initiatives to increase agriculture productivity, reduce poverty, and improve food and nutrition security.The world will need to produce at least 50 percent more food by 2050 to feed 9 billion people. GAFSP delivers targeted financing for the agriculture sector in low-income countries. It takes up where emergency and recovery assistance leaves off, targeting transformative and lasting long-term development.“GAFSP is an innovative mechanism that puts developing nations in the driver’s seat by supporting country-led strategies to expand agriculture and address hunger,” said Ms. Marisa Lago, Assistant Secretary for International Markets and Development, United States Treasury. “It quickly responds to tough challenges, such as addressing the adverse effects of climate chang Show Less -
Vientiane, October 29, 2014—A new World Bank Group report finds that Lao PDR improved its business environment over the past year, moving up seven places in the global ranking on the ease of doing business.... Show More + But while the progress is encouraging, entrepreneurs in Lao PDR still face severe challenges compared with counterparts in some regional neighbors.Released today, Doing Business 2015: Going Beyond Efficiency finds that Lao PDR’s standing in the ease of doing business ranking improved from 155 among 189 economies in last year’s Doing Business report to 148. The higher ranking this year reflects measures to strengthen legal rights of borrowers and lenders by establishing a collateral registry and to strengthen protections of minority investors by improving disclosure standards for directors of firms listed on the Lao Securities Exchange. Yet Lao PDR still lags far behind in the ease of doing business ranking compared with Malaysia, at 18, and Thailand, at 26.“We are encouraged to see Show Less -