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.
Read More »
Vientiane, August 14, 2014 – The Government of Lao PDR and the World Bank Group today signed two agreements for the new World Bank Group financing of more than USD40 million.The new support for the Small... Show More + and Medium Enterprise Access to Finance Project includes a USD10 million grant and a USD10 million credit from the International Development Association, and at least USD4 million from the International Finance Corporation in risk sharing funds. The project will provide long term credit to small firms and help them to grow and create more jobs.“The ceremony today reaffirms the commitment and cooperation between the Government of Lao PDR and the World Bank in supporting Government priorities as outlined in our National Socio-Economic Development Plan. SMEs, hydropower and mining sectors form an important part of the Lao economy. The two projects will contribute to the socioeconomic development and environmental sustainability of Lao PDR”, said H.E. Mme. Thipphakone Chanthavongsa, Vice M Show Less -