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ADB unveils financial support worth 322 mln USD for Laos

The Asian Development Bank (ADB) has launched a new business plan which includes funding arrangements to support development in Laos over the next few years.
ADB unveils financial support worth 322 mln USD for Laos ảnh 1(Illustrative photo: ADB)
Hanoi (VNA) – The AsianDevelopment Bank (ADB) has launched a new business plan which includes fundingarrangements to support development in Laos over the next few years.

According to the ADB Country OperationsBusiness Plan for 2020-2022, the ADB has indicative concessional loans of 322million USD available for Laos to finance development projects from now until2022, reported Vientiane Times.

The ADB’s business plan for Laos will focuson inclusive and sustainable development in line with the operationalpriorities of ADB’s Strategy 2030. This aims to make Lao cities more liveableby easing infrastructure constraints and providing urban services.

The financial institution also wants tofinance the improvement of human capital to reduce inequality in access toopportunities, together with the creation of quality jobs, enhancing ruraldevelopment and food security, and providing climate and disaster-resilientinfrastructure./.
VNA

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