The project objectives are to simplify business regulations, facilitate trade, and improve firm-level competitiveness. There are four components to the project as
The first component is improving the business environment by improving the transparency and efficiency of the general business environment and to reduce the costs it currently imposes on all enterprises, and SMEs.
The second component is the facilitating trade and connecting to markets. This component is designed to support the Government of Lao PDR in implementing the provisions of the WTO TFA.20
The third component is the improving firm-level competitiveness, which will be implemented through component C.1 (Business Assistance Facility).
Finally, the fourth component is the supporting better and more Inclusive Policies will support effective project implementation, monitoring, and evaluation, and improved economic analysis policymaking.
International Development Association (IDA) US$ 10.00 million
Lao PDR - Free-standing Trust Fund Program US$ 3.00 million
Total Cost US$ 13.00 million
Contact: Mombert Hoppe
Title: Senior Economist
Lao People’s Democratic Republic
Ministry of Industry and Commerce
Contact: Phouvieng Phongsa
Title: Director - National Implementation Unit
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