Lao People's Democratic Republic
|Population||7 million (2017)|
|GDP at PPP (current international dollars)||48 billion (2017)|
|GDP per capita at PPP (current international dollars)||7,023 (2017)|
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Foreign ministers from Japan and five Mekong nations this month identified areas of cooperation under a new strategy and reviewed the progress of joint projects in the East-West Economic Corridor and Southern Economic Corridor.
VIENTIANE, LAO PEOPLE’S DEMOCRATIC REPUBLIC (31 July 2018) — The Asian Development Bank’s Board of Directors has approved a $40.5 million grant to help farmers and agribusinesses develop sustainable and climate-smart agriculture value chains in the Lao People’s Democratic Republic.
Applying the Industrial Pollution Projection System is an important first step toward mainstreaming pollution concerns into strategic planning in the Greater Mekong Subregion.
The Lao People’s Democratic Republic lies at the heart of the Greater Mekong Subregion and its economic corridors . However, the country has yet to maximize benefits from the subregion’s investments in infrastructure and services.
Cambodia and the Lao People’s Democratic Republic have agreed to strengthen joint efforts to fight illegal fishing practices and increase fish stock in the Mekong-Sekong basin.
The Lao National Chamber of Commerce and Industry on 5 July launched the Lao Provincial Facilitation of Investment and Trade Index (ProFIT), which rates economic governance at the provincial level according to feedback from the country's small and medium enterprises.
Five Mekong River Basin countries have agreed on a 5-year master plan that includes promoting the smooth flow of goods and people in the East-West Economic Corridor and Southern Economic Corridor of the Greater Mekong Subregion.
The Lao People’s Democratic Republic can maximize the potential benefits from the Greater Mekong Subregion’s economic corridors through its national policies, capacities, and implementation arrangements.