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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Vientiane, August 25, 2014 – The Government of Lao PDR and the World Bank signed a grant agreement for US$ 3.6 million provided by the Forest Carbon Partnership Facility (FCPF). The grant aims to support... Show More + the Government to develop a national strategy for the reduction of deforestation and forest degradation.As approximately 12% of global greenhouse gases emissions come from deforestation and degradation, developing the means and strategic approach to save forests is critical for mitigating climate change, and Lao PDR is already experiencing the negative impacts of climate changes and loss of forests. This is especially important for Asia and the Pacific, where over 780 million hectares of forests are found, and approximately 9.5 million hectares of forests are in Lao PDR. The grant will support the Ministry of Agriculture and Forestry Department of Forestry, the Ministry of Natural Resources and Environment, and other stakeholders to improve sustainable forest management.Since the Show Less -
Vientiane, August 8, 2013 – The Government of Lao PDR and the World Bank signed today a grant agreement of US$ 31.83 million for the Scaling-Up Participatory Sustainable Forest Management (SUPSFM) Project.... Show More + The agreement was signed by H.E. Mr. Santiphab Phomvihane, Vice Minister of the Ministry of Finance for the Lao PDR and Mr. Constantine Chikosi, Acting Country Director for the World Bank to Lao PDR. The grant signed today consists of a US$ 19 million International Development Association (IDA) grant and a US$ 12.83 million grant from the Forest Investment Program (FIP) under the Strategic Climate Fund (SCF) Trust Fund. The Ministry of Foreign Affairs Finland will provide a co-financing of US$14.5 million in grant to the project in the form of Technical Assistance.The Government of Lao PDR is developing a strategy and program for Reducing Emissions from Deforestation and forest Degradation (REDD+) to avoid the unnecessary loss of forests and increase carbon storage. The objective of Show Less -