Laos - Over $ 11 mln given for disaster risk management in Khammouane

(KPL) The World Bank and the Japanese Government have provided US$ 11.3 million for development and integrated management of disaster risk projects in central province Khammouane.

Signing ceremony for the grant assistance was held at the Ministry of Finance on 29 February between Deputy Minister of Finance Mrs. Viengthong Siphandone and World Bank Country Manager to Laos Mrs. Keiko Miwa and was witnessed by Khammouane Governor Mr. Khambay Damlath, Deputy Minister of Planning and Investment, representatives from the Japanese Embassy in Laos, line ministries and relevant organisations.

The grant is the contribution between the World Bank (US$ 8.6 million) and Japanese government (USD2.71 million). It will be spent on the establishment of City Development Fund in Khammouane, the restoration of basic infrastructure affected from flood, and capacity building on the solution of natural disaster impacts, which has been implemented since 2008.

The fund will be also spent on institutional strengthening, planning capacity, the monitoring of natural disaster risk management by officials, at both central and local levels, of Planning and Investment sectors, and agriculture and forestry sector.

On this occasion, Mrs. Viengthong representing the Lao Government and Ministry of Finance and the beneficiary province expressed thanks to the Japanese Government and the World Bank.

The Deputy Minister said that such assistance contributed to the government effort in fulfilling its socio-economic development plan and the UN millennium development goals (MDGs) by 2015 and graduation of the Lao PDR from the list of least developed countries by 2020.

Vinnaly

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