Fri. Jul 1st, 2022

In
broad terms, the funding will go towards microfinance services in rural
areas of Laos , support for regional economic integration in ASEAN,
rural development and natural resource management.

The
money will be spent across nine projects related to climate change
adaption, forest and biodiversity protection, strengthening regulations
in the timber industry, vocational schools, capacity building in the
National Assembly and support for sustainable mining.

Deputy
Minister of Planning and Investment, Mr Somchith Inthamith, and German
Ambassador to Laos , Mr Robert von Rimscha, signed the agreement to
this effect in Vientiane on July 5.

Of the nine
projects, eight projects would be carried out by the German Society for
International Cooperation (GIZ), with the Federal Institute for
Geosciences and Natural Resources to be responsible for the rest.-VNA

By vivian