VIENTIANE: Laos and the Asian Development Bank (ADB) are strengthening their partnership to promote sustainable and inclusive growth, support industrial and energy development, and improve the livelihoods of people across the country.
Lao Deputy Minister of Industry and Commerce Manothong Vongsay met with ADB Country Director for Laos Shanny Campbell in the Lao capital Vientiane on Tuesday (Jan 27) to discuss ADB's ongoing support for the country's energy, trade, and industrial development, according to the ministry's report on Tuesday.
The meeting focused on ADB's involvement in the Greater Mekong Subregion Energy Transition Task Force, Asean Power Grid, Cross-Border Energy Trade Project, and energy sector reforms aimed at fiscal sustainability. Discussions included regional technical assistance, promotion of low-emission energy, cross-border electricity cooperation, and preparatory work for transmission line development.
During the meeting, Manothong highlighted the crucial role of ADB support in modernising industry and trade, ensuring reliable and green energy, promoting safe and responsible mining, expanding trade, and improving market access. He expressed optimism about strengthening the partnership with ADB over the next five years.
According to a Lao News Agency report on Tuesday, ADB approved US$149 million for four projects in 2025 to support Laos' social and economic development, including the Sustainable Agrifood System Sector Project, Green Primary Care Project, Skills Enhancement for Inclusive and Green Economic Development Project, and Responsible Forestry Project. - Xinhua
