The European Union (EU) will provide €42.9mil (RM213.5mil) to Laos to address the impact of the Covid-19 pandemic on education and nutrition.
The EU Ambassador, Ina Marciulionyte, paid a courtesy visit to the Minister of Finance, Bounchom Oubonpaseuth, in Vientiane recently to personally inform him of the positive outcome of the EU Education and Nutrition Budget Support Programme’s assessment.
The EU Budget Support Strategic Steering Committee has approved the payment of €42.9mil to the National Treasury Account in the coming weeks, according to the EU delegation in Laos.
Of this amount, €26.4mil (RM131.4mil) will be made available for the EU Education Budget Support Programme, also known as the “Basic Education Support Programme”, and €16.4mil (RM81.6mil) for the EU Nutrition Budget Support Programme, also known as the “Support to the Lao PDR National Nutrition Strategy and Plan of Action”.
“This budget is exceptional by its nature and by its amount. This support needs to go towards the effort to support the implementation of the Education and Sport Development Strategy 2021-25 as well as the National Nutrition Strategy 2016-25. This support is to help the government to cope with the Covid-19 crisis and the needs of students and vulnerable population of this country,” Marciulionyte said. — Vientiane Times/ANN