ADB and Lao PDR Deepen 60-Year Partnership to Drive Sustainable Growth and Regional Connectivity
Lao Peoples Democratic Republic, March 27 -- Asian Development Bank (ADB) President Masato Kanda met with President Thongloun Sisoulith to celebrate 60 years of partnership and discuss a shared vision for the country's sustainable growth. Mr. Kanda reaffirmed ADB's long-term commitment to the Lao People's Democratic Republic (Lao PDR), announcing nearly $1 billion in planned financing over the next three years to support the nation's transition toward graduation from Least Developed Country status. In discussions with Prime Minister Sonexay Siphandone, Mr. Kanda focused on how inclusive growth and strengthened debt management will anchor the country's development goals. He commended the government's success in stabilizing inflation and exch...
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