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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Bank Group ContributionOver the past decade, the Bank (IBRD/IDA) committed funding for US$33 billion, from which IDA’s contribution was US$7.7 billion (23 percent) to support investment in environment... Show More + and natural resource management (ENRM). By far, climate change has been the fastest growing ENRM area where the Bank is supporting client countries. Other areas that have significantly expanded in the last five years are environmental policy and institutions, and water resource management. As for the types of funding provided over the decade, development policy lending accounted for 30 percent and investment lending 70 percent of the Bank’s ENRM portfolio. The trend is in favor of development policy lending that increased to 33% of the ENRM portfolio in the last five years (FY09-13).In addition to funding ENRM projects directly, IDA has leveraged additional funds through the Global Environment Facility (GEF) and other agencies and organizations. Specifically, the GEF provides grants to ID Show Less -