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, 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 -