LS-INVT Climate (IFC-601396)

Countries
  • Laos
Where the impacts of the investment may be experienced.
Specific Location
National-wide
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Feb 27, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Lao People's Democratic Republic
The holder of the loan, grant, or other investment.
Sectors
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 1.60 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 1.60 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Mar 25, 2019

Disclosed by Bank Oct 24, 2018


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Project Description

The objective of the Lao Investment Climate Reform Project is to support the Government of Lao PDR to enhance the country’s investment climate through an improved investment policy framework and implementation capacity, streamlined business regulations with more consistent and transparent regulatory implementation and lower business entry costs. This three-year project will focus on the following areas:
1) Improve consistency and transparency of investment policy framework and implementation capacity;
2) Improve the enabling environment for doing business and trade facilitation to lower costs of entry and operation as well as better integrate into regional economies and the global value chain; and
3) Enhance public service delivery and close implementation gaps (de-jure and de-factor) through application of good practice regulatory tools.

People Affected By This Project

Upon completion of the project, expected results include an increase in private investment s, greater economic diversification in the non-resource sector, streamlined business environment with shorter and less costly business regulations , easier access to required legal information for investment and business operations. Moreover, an increased number of companies will comply with international Customs clearance standards under the Authorized Economic Operator Program of the World Trade Organization Trade Facilitation Agreement.

Investment Description
  • International Finance Corporation (IFC)
Contact Information

*There is no further information being revealed at this stage of the project*

ACCOUNTABILITY MECHANISM OF IFC

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/