Strengthening Foundations to Unlock Green Finance in the Lao People’s Democratic Republic
This brief sets out ways the Lao People’s Democratic Republic (Lao PDR) can offset the predicted financial impacts of climate change and start improving its creditworthiness to unlock the green finance resources it needs for resilient growth.
Highlighting the country’s vulnerability to factors such as climate-triggered commodity price shocks, the brief shows why the Lao PDR needs to tackle its unsustainable debt and use more evidence-based budget allocations. It analyzes how ramping up the Lao PDR’s nascent green bond sector, kick-starting fiscal reforms such as introduction of pollution taxes, and improving the governance of public-private deals can prepare it for a greener future.
First published in ADB.org.