laos world bank sign agreement to fight poverty
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Laos, World Bank sign agreement to fight poverty

Arab Today, arab today

Arab Today, arab today Laos, World Bank sign agreement to fight poverty

Vientiane - XINHUA

The government of Laos and World Bank signed a 20-million-U.S. dollar finnancing agreement aimed at reducing poverty in the country, according to a World Bank press release obtained by Xinhua on Friday. The agreement was signed Thursday by Phouphet Khamphounvong, minister of finance of the Laos, and Ulrich Zachau, country director for the World Bank to Southeast Asia. "Our program, which PRSO supports, focuses on policy areas critical for Lao PDR's development. The program will foster economic growth and reduce poverty,"said Khamphounvong. PRSO, or Ninth Poverty Reduction Support Operation, is designed to support policies and reforms that will enable more sustainable management of increasing revenues from natural resource sectors in order to deliver improved public services in Laos. PRSO support has helped implement more transparent rules for trade and investment, develop a stronger framework for the regulation and taxation of natural resources, strengthen public revenue management and improve sector planning in the health and education sectors, according to the World Bank release. The signing came on the same day as Minister to the Government Office and Chairman of the Lao National Committee for Rural Development and Poverty Eradication, Bounheuang Douangphachanh, spoke to state-run newspaper Vientiane Times about the current budgetary challenges impeding poverty eradication. "We need a minimum of 500 billion kip (63.51 million U.S. dollars) to fund our work each year, but the state budget doesn't allow for that amount,"he said. The Lao government has been implementing its poverty reduction strategy for over a decade. The Lao National Committee for Rural Development and Poverty Eradication's plan for 2011 to 2015 aims to reduce the number of families in poverty to less than 10 percent by 2015. In 2010, the proportion of impoverished families sat at 20.4 percent but that number drastically fell to 10.57 percent in 2013.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

laos world bank sign agreement to fight poverty laos world bank sign agreement to fight poverty

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

laos world bank sign agreement to fight poverty laos world bank sign agreement to fight poverty

 



GMT 10:06 2012 Saturday ,28 July

Querrey advances at ATP LA Open

GMT 21:15 2017 Thursday ,01 June

Trump condemns deadly Kabul explosion

GMT 02:15 2017 Thursday ,24 August

Is your country on the Qatar free entry list of 80?

GMT 19:48 2016 Monday ,03 October

Controversial boxing champ Tyson Fury retires

GMT 08:20 2015 Tuesday ,08 December

PC market woes show no sign of easing

GMT 17:27 2017 Tuesday ,25 April

20 Yemeni soldiers killed, injured in explosion

GMT 11:52 2017 Saturday ,30 December

OIC condemns Mar Mina Church attack

GMT 00:03 2017 Saturday ,25 March

Arab Meeting to Examine Anti-Corruption Methods

GMT 13:12 2017 Thursday ,20 April

Deputy premier meets Arab League chief

GMT 14:13 2014 Friday ,10 January

Opel Astra GTC

GMT 18:27 2016 Tuesday ,02 August

Turkish Foreign Minister arrives in Islamabad

GMT 11:27 2016 Tuesday ,13 December

Saudi woman arrested for challenging social norms
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday