国产精品99一区二区三_免费中文日韩_国产在线精品一区二区_日本成人手机在线

Laos to mobilize aid to social sector development

Source: Xinhua| 2018-12-11 12:25:58|Editor: Yang Yi
Video PlayerClose

VIENTIANE, Dec. 11 (Xinhua) -- The Lao government is working with development partners to draw up a strategy to mobilize assistance to help develop the social sector amid current aid cuts, the government told to the National Assembly (NA).

The planned strategy for 2019-2030 of the country is aimed to attract more funding to develop the social sector, with poverty reduction in education, health, and rural sectors as the primary focus, local daily Vientiane Times reported on Tuesday.

The eighth NA's ongoing sixth ordinary session recently has expressed concern over the decline in Official Development Assistance (ODA), which comprises both grants and low-interest rate loans.

Being on track to soon graduate from the status of a least-developed country means that Laos anticipates seeing cuts to aid. It was expected that donors are likely to reprioritize their development funding allocations away from Laos to countries in more urgent needs, the daily quoted Lao officials as saying.

The Lao government has lowered its ODA targets in the drafted 2019 socio-economic development plan to 7,113.35 billion kips (827 million U.S. dollars), which accounts for 4.29 percent of gross domestic product.

Lao Deputy Prime Minister and Minister of Finance Somdy Douangdy told the parliament recently that grants are declining.

ODA is projected to decrease to 11 percent of total investment in the social sector next year, according to the Ministry of Planning and Investment.

In addition to the priority given to the social areas, the planned strategy was also expected to mobilize aid funding of schemes aimed at strengthening the production and economic sector, the ministry said.

In an effort to mobilize foreign assistance, the Lao government and development partners held a two-day Round Table Meeting last week in the Lao capital Vientiane, focusing on sustained inclusive economic growth, social and human development, the environment, disaster preparedness, and cross-cutting issues of governance, etc.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001376658171
主站蜘蛛池模板: 漳州市| 三原县| 株洲县| 会东县| 永兴县| 孟连| 阿克苏市| 陆川县| 鹤壁市| 四子王旗| 页游| 三台县| 永嘉县| 涟水县| 洛阳市| 汉中市| 宜丰县| 宜州市| 左云县| 易门县| 彰武县| 睢宁县| 电白县| 新蔡县| 甘德县| 绥芬河市| 福贡县| 孙吴县| 洛宁县| 松溪县| 鄂温| 五原县| 宜川县| 定远县| 北京市| 天等县| 余干县| 定远县| 南澳县| 家居| 永安市|