World Bank Awards More Funds to Laos’ Rural Poverty Alleviation Scheme

The World Bank has committed another $57 million to a project that aims to curb rural poverty in Laos.

The funding is for the Second Poverty Reduction Fund Project in Laos. The First Poverty Reduction Fund was approved in 2003 and had a financing envelope of about $42 million.

The new initiative aims to improve service delivery and promote participatory village development planning in more than 2,500 villages in 38 districts and 10 provinces of Laos.

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    Eliza Villarino

    Eliza Villarino currently manages one of today’s leading publications on humanitarian aid, global health and international development, the weekly GDB. At Devex, she has helped grow a global newsroom, with talented journalists from major development hubs such as Washington, D.C, London and Brussels. She regularly writes about innovations in global development.