World Bank to provide Laos with 395 mln USD funding support: report

VIENTIANE, May 5– The World Bank expects to support 11 projects in Laos at a cost of about 395 million U.S. dollars from 2022 to 2026, the Vientiane Times said on Thursday. Collaboration between Laos and the World Bank will focus on three areas, including promoting green growth, investment in human resource development, and environmental protection.

VIENTIANE, May 5 (Xinhua) — The World Bank expects to support 11 projects in Laos at a cost of about 395 million U.S. dollars from 2022 to 2026, the Vientiane Times said on Thursday.

Collaboration between Laos and the World Bank will focus on three areas, including promoting green growth, investment in human resource development, and environmental protection.

A report on funding was presented on Tuesday when the World Bank Group’s Country Director for Myanmar, Cambodia and Laos, Mariam Sherman, began her first visit to Laos, meeting Lao Minister of Planning and Investment Khamjane Vongphosy to discuss areas of cooperation.

“Thank you to the World Bank for its continuing support and assistance, especially for the implementation of the government’s socio-economic development plans which are closely linked to the strategic cooperation plan formulated between the government and the World Bank for 2017-2021, with the plan to continue for the period 2022-2026,” Khamjane said.

The strategic cooperation plan for 2017-2021 deepened health, infrastructure, education work, environmentally-friendly agricultural work, environmental work and social work, as well as benefitting small and medium enterprise development, and management and administration of the state budget, he added. Enditem

ANA NEWS WIRE Disclaimer:
The African News Agency (ANA) is a news wire service and therefore subscribes to the highest standards of journalism as it relates to accuracy, fairness and impartiality.
ANA strives to provide accurate, well sourced and reliable information across Text, Images and Video. Where errors do appear, ANA will seek to correct these timeously and transparently.
The ANA platform also contains news and information from third party sources. ANA has sought to procure reliable content from trusted news sources but cannot be held responsible for the accuracy and opinions provided by such sources on the ANA platform or linked sites.
The content provided for on the ANA News Wire platform, both through the ANA news operation and via its third party sources, are for the sole use of authorised subscribers and partners. Unauthorised access to and usage of ANA content will be subject to legal steps. ANA reserves its rights in this regard.
ANA makes every effort to ensure that the website is up and running smoothly at all times, however ANA does not take responsibility for, and will not be held liable for times when the website is temporarily unavailable due to technical issues that are beyond our control.