World Bank provides US$30m for fight against poverty
The World Bank has agreed to provide a low interest loan of US$30 million to fight poverty in Laos, a government source has said. The Lao government will contribute another US$6 million bringing total funding from the three sources to US$52 million. This amount will be used to finance the PRF’s Phase III from 2017-2020. The support by the World Bank and the SDC for Phase III has been provided thanks to the significant achievements of the Poverty Reduction Fund during Phase II from 2012-2016, which was largely supported by the Bank and the SDC.
