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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A decade ago, the international community came together with a commitment to help Lao PDR – one of the world’s poorest countries – develop a better kind of hydropower project, one that generates power... Show More + and also helps reduce poverty and improve health and education.As a small, landlocked and historically poor country in Southeast Asia, Lao PDR needed investment and revenue to finance growth and poverty reduction efforts. Next door, Thailand’s rapidly growing middle-income economy urgently required additional sources of electricity. After careful analysis of the technical, economic, environmental and social dimensions following years of extensive and broad-based consultations, 27 development partners and financing parties, including the World Bank Group and Asian Development Bank, endorsed Lao PDR’s Nam Theun 2 (NT2) hydropower project in March 2005. Done properly, hydropower offers affordable and reliable access to electricity, which is essential for economic growth, po Show Less -
Vientiane, November 20, 2013 —Lao PDR and the World Bank Group have been close partners in the development and implementation of the Nam Theun 2 project. Analysis of several rounds of socio-economic monitoring... Show More + shows that over 97% of households resettled under the Nam Theun 2 project met stringent Household Income Targets specified in the Concession Agreement. Primary school enrolment rates in the resettlement areas went from 31% in 1998 to almost 90% post resettlement. The World Bank continues to work closely with the Government, Nam Theun 2 Power Company and communities affected by the Nam Theun 2 Hydropower project to ensure that project obligations are met and that people in the project area benefit from it.The World Bank understands that the Ministry of Agriculture and Forestry has initiated an irrigation project utilizing water discharged from the Nam Theun 2 downstream channel through Gate #3, and has commissioned a feasibility study for the development of further irrigation proj Show Less -
VIENTIANE, June 7, 2013 – The World Bank’s Vice President for East Asia and the Pacific, Axel van Trotsenburg, commended Lao PDR for its steady economic growth and success in overcoming poverty as he concluded... Show More + a three day official visit to the country.“We have worked well together over the decades and the testimony of this cooperation is the sustained reduction of poverty headcount. In less than a generation, the incidence of poverty in Lao PDR has gone from almost half the population to just over a quarter”, said Axel van Trotsenburg, World Bank Vice President for East Asia and the Pacific. “This is a solid basis to build a program for the future focused on further reducing poverty and making a real impact on improving people’s lives.”Mr. van Trotsenburg met senior officials including Prime Minister HE Thongsing Thammavong. Mr. van Trotsenburg highlighted the Government’s reform agenda, outlined in the 7th National Social Economic Development Plan, which has the goal of graduating Lao Show Less -