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 »
A few large economies need to watch for possible overheating SINGAPORE, April 15, 2013 – Driven by strong domestic demand, economies of developing East Asia and Pacific continue to be an engine of global... Show More + growth, growing at 7.5 percent in 2012 -- higher than any other region in the world, says the World Bank in its latest analysis of the regional economy. As the global economy recovers, the report, released today, projects that regional growth will rise moderately to 7.8 percent in 2013 and ease to 7.6 percent in 2014. “The East Asia and Pacific region contributed around 40 percent of global growth in 2012, and the global economy continues to rely on the region’s growth, with investor confidence surging and financial markets remaining solid” said World Bank East Asia and Pacific Vice President Axel van Trotsenburg. “Now is the time for countries to focus on helping the remaining poor, with more and better quality investments to accelerate inclusive growth.” Fiscal and monetary policies Show Less -
The 2015 Annual Meetings of the World Bank Group and the International Monetary Fund will take place in Lima, Peru, in October 2015, following a vote by the Boards of Governors of the two institutions.... Show More + The Annual Meetings—which bring together ministers of finance and central bank governors from the institutions’ 188 member countries—provide a unique opportunity for a broad dialogue on issues of global economic importance. They serve to discuss international economic and financial developments, the state of the global economy, and policies to reduce poverty and promote inclusive economic growth. The Annual Meetings also provide a forum for civil society, the private sector, academics and others to engage in discussions on economic issues.The last time the Annual Meetings were held in Latin America was in 1967 in Rio de Janeiro, Brazil. Show Less -
Region needs to become less reliant on exports and capture new sources of growth, says World Bank East Asia & Pacific Economic UpdateTokyo, May 23, 2012 - Growth remains strong in developing East Asia... Show More + and Pacific, although it has slowed from its post-crisis peaks. With the global slowdown expected to continue, the region needs to reduce its reliance on exports and find new sources of growth, says the World Bank in its latest East Asia and Pacific Economic Update released today. According to the report, entitled “Capturing New Sources of Growth,” developing East Asia and Pacific grew by 8.2 percent in 2011 (4.3 percent excluding China), a sharp decline from the nearly 10 percent growth rate recorded in 2010 (7.0 percent excluding China). The region’s performance is still impressive on a global scale. In 2011, growth was about 2 percentage points higher than the developing country average world-wide, and poverty continues to fall. "The number of people living o Show Less -
Vientiane, April 5, 2012 – Over 400 teachers, students and provincial government officials took part when a World Bank road show presented and stimulated discussions on the topic of three of its analytical... Show More + reports—the Lao Economic Monitor (LEM), Investment Climate Assessment (ICA), and Public Expenditure Review (PER) from February 20 to 28, 2012.Lao experts working at the World Bank participated in discussions at the National University of Laos in Vientiane, Souphanouvong University in Luang Prabang, and Champasack University in Champasack province.“By sharing the findings of the World Bank’s main economic reports on Lao PDR widely across the country, the World Bank aims to encourage active engagement of stakeholders – students, researchers and government officials - in the country’s development discourse", said Ms. Keiko Miwa, Country Manager of the World Bank to Lao PDR. “The World Bank is committed to sharing knowledge and information, and we want to stimulate discussions on th Show Less -