Lao PDR: Additional Funding Approved for Disaster Recovery
(KPL) The World Bank’s Board of Executive Directors approved on Dec 13 US$50 million of additional financing for the Lao People’s Democratic Republic Southeast Asia Disaster Risk Management Project and the Lao Road Sector Project II.
The additional funding will help reduce the financing gap for reconstruction following widespread floods in 2018, prioritizing investments in flood risk management and the road sector, which accounted for 75% of the total estimated damages and losses.
KPL News Desk
