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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The newly signed grant compliments the World Bank’s support to improving the efficiency and effectiveness of customs administration in Lao PDR through simplification and automation of customs processes... Show More + and procedures.Vientiane, June 14, 2013 – The Vice Minister of Finance of Lao People’s Democratic Republic, H.E. Santiphab Phomvihane and the World Bank Country Manager for Lao PDR Keiko Miwa, signed today a grant agreement in the amount of US$6.5 million to further support the Customs and Trade Facilitation Project in Lao PDR. The grant builds on the achievements of the original International Development Association (IDA) grant of US$6 million, which was approved in 2008.“This additional financing grant is timely. It will contribute to further improvement of customs administration and efficiency of customs processes in Lao PDR”, said Mr. Santiphab Phomvihane. “The project supports Government objectives in achieving high rate of economic growth that can translate into meaningful poverty Show Less -
WASHINGTON, May 28, 2013 – The World Bank Board of Executive Directors today approved US$6.5 million in additional grant financing for the Customs and Trade Facilitation Project in Lao PDR. The grant builds... Show More + on the achievements of the original International Development Association (IDA) credit of US$6 million, which was approved in 2008.The newly approved financing compliments the Bank’s support for the program which is aimed at improving the efficiency and effectiveness of customs administration and simplifying customs processes and procedures to eliminate duplication, redundancy, reduce transaction costs and time to clear goods. The Customs and Trade Facilitation Project also aims to support government objectives in achieving high rates of economic growth that translate into meaningful poverty reduction, increased transparency and accountability.The Customs and Trade Facilitation Project forms part of an ambitious and integrated country trade program supported by the World Bank in par Show Less -
Lao PDR Customs and Trade Facilitation Project - Additional FinancingIDA Grant: US$7.0 millionProject ID: P144992Project Description: The objective of the Additional Financing for Customs and Trade Facilitation... Show More + Project for Lao People's Democratic Republic is to facilitate trade by improving the efficiency and effectiveness of customs administration and simplifying customs procedures to eliminate duplication and redundancy, reduce transactions costs and time to clear goods, and increase transparency and accountability. Show Less -