The Asian Development Bank (ADB) will extend about 9 billion kip (US$1.1 million) to Laos to strengthen its public financial management.
The ADB and the Lao ministry of finance signed the agreement on technical assistance in Vientiane yesterday.
The agreement was signed by the deputy minister of finance Viengthong Siphandone and ADB Laos resident mission country director Gil-Hong Kim.
In his remarks yesterday, Gil-Hong Kim said ADB had a long-standing relationship with the Lao government in the area of public financial management.
The ADB had also consistently supported capacity building in the Ministry of Finance, developing and implementing an improved set of government accounting relations, establishing a database management system and assisting the government in its efforts to increase revenue.
Viengthong expressed thanks on behalf of the government to the ADB for supporting the Lao budget and efforts to implement socio-economic development plans.
She believes that ADB will continue to have a fruitful friendship and enjoy the fullest cooperation with the ministry. This will support social development and economic development plans help lift Laos out of the United Nation's “least developed” country category by 2020.
source:http://www.asianewsnet.net/news.php?id=680&sec=2&t=
No comments:
Post a Comment