Lao PDR Competitiveness and Trade Project (WB-P164813)

Countries
  • Laos
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
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
C
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
Sep 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
  • Finance
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 10.00 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)
$ 13.00 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 @ WB website

Updated in EWS Mar 27, 2019

Disclosed by Bank Jan 24, 2018


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Project Description

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.

Investment Description
  • World Bank (WB)

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 Information

1/World Bank
Contact: Mombert Hoppe
Title: Senior Economist

2/Borrower/Client/Recipient
Lao People’s Democratic Republic

3/Implementing Agencies
Ministry of Industry and Commerce
Contact: Phouvieng Phongsa
Title: Director - National Implementation Unit
Email: phouvieng.p@laomoic.org

FOR MORE INFORMATION CONTACT

The World Bank

1818 H Street, NW Washington, D.C. 20433

Telephone: (202) 473-1000

Web: http://www.worldbank.org/projects

ACCOUNTABILITY MECHANISM OF WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.