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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Vientiane, August 8, 2013 – The Government of Lao PDR and the World Bank signed today a grant agreement of US$ 31.83 million for the Scaling-Up Participatory Sustainable Forest Management (SUPSFM) Project.... Show More + The agreement was signed by H.E. Mr. Santiphab Phomvihane, Vice Minister of the Ministry of Finance for the Lao PDR and Mr. Constantine Chikosi, Acting Country Director for the World Bank to Lao PDR. The grant signed today consists of a US$ 19 million International Development Association (IDA) grant and a US$ 12.83 million grant from the Forest Investment Program (FIP) under the Strategic Climate Fund (SCF) Trust Fund. The Ministry of Foreign Affairs Finland will provide a co-financing of US$14.5 million in grant to the project in the form of Technical Assistance.The Government of Lao PDR is developing a strategy and program for Reducing Emissions from Deforestation and forest Degradation (REDD+) to avoid the unnecessary loss of forests and increase carbon storage. The objective of Show Less -