Lao PDR to Improve Water Resources Management

Stocks and Financial Services Press Releases Thursday July 27, 2017 09:24
VIENTIANE--27 Jul--World Bank

VIENTIANE, July 26, 2017 – The Ministry of Finance and the World Bank today signed an agreement for financing support of $25 million of additional funding for the Mekong Integrated Water Resources Management (MIWRM) Project. This additional support will continue to improve the country's national water resources management systems.

"Supporting integrated water resources management practices in the lower Mekong basin is a high priority in our partnership with Lao PDR as we seek to support the Government's commitment to green growth, including the sustainable management of rivers," said Ms. Ellen Goldstein, new World Bank Country Director for Cambodia, Lao PDR, and Myanmar, speaking on her first visit to Lao PDR this week. During her visit she met with key stakeholders, including the Minister of Finance. "Managing natural resources in a way that sustains Lao PDR's rich fisheries, wetlands and aquatic resources, will be key to accelerated and inclusive growth in the country," she continued.

The water management project seeks to develop a functional national level water resources management system under the Ministry of Natural Resources and Environment and Ministry of Agriculture and Forestry to sustainably manage irrigation, fisheries, hydropower, and water supply resources, while protecting the environment and reducing flood and drought risks associated with climate change. Some of the activities supported are development of regulations to support implementation of the recently amended Water Law, establishing a national early warning center and national water quality laboratory program, and assessing water availability under different climate conditions, and assisting the Government in strategic planning of water resources.

The first phase of the project, approved in 2012, developed the building blocks for integrated water resources management including drafting of the new Water Law and river basin modeling, provided sustainable irrigation for over 14,000 hectares of land, improved flood control infrastructure, including 4 modified flood gates, and introduced community fisheries through 30 Fisheries Management Committees. The additional financing extends this project to 2021 and seeks to build upon these foundations.


Latest Press Release

Visa and AEON to launch the new Visa Olympic themed card issued by AEON

Mr.Suripong Tantiyanon (2 nd from right), Country Manager, Visa Thailand, the official sponsor of Olympic Games Tokyo 2020 and Mr. Kenji Fujita (2 nd from left), Managing Director, AEON Thana Sinsap (Thailand) Public Company Limited jointly launched Visa...

Wirecard and UnionPay, the World#s Largest Card Scheme, Sign MoU to Form Expanded Global Strategic Partnership

- UnionPay leads the global card scheme market, having issued 57.6% of the world's payment cards in circulation - Partnership aims to support Wirecard's growth in China - Scope includes expanding global acceptance of UnionPay and developing joint...

Photo Release: Bangkok Bank and Nirvana launch Live Beyond Limits campaign offering a special flat interest rate for one year with a low monthly repayment of 1,000 baht per million baht borrowed

Bangkok Bank Executive Vice President Kelvin Yoong Tao Foo and Nirvana Daii Executive Vice President of Low Rise Residence Group Nantachart Kliebphipat launched the "Live Beyond Limits" promotional campaign offering a special flat interest rate with a...

World Gold Council Launches Responsible Gold Mining Principles

The World Gold Council, the market development organisation for the gold industry, has today announced the launch of its Responsible Gold Mining Principles. The Principles are a framework that set out clear expectations for consumers, investors and the...

Photo Release: EXIM Thailand Visits Frozen Vegetables and Condiments Exporter in Lamphun

Mr. Pisit Serewiwattana (third right), President of Export-Import Bank of Thailand (EXIM Thailand), with EXIM Thailand's executives recently visited Lanna Products Co., Ltd., manufacturer and exporter of frozen vegetables and condiments including instant...

Related Topics