VIENTIANE, LAO PEOPLE’S DEMOCRATIC REPUBLIC (3 April 2019) — Economic growth in the Lao People’s Democratic Republic is expected to remain stable this year and next, supported by the expanding agriculture, energy, industry, and services sectors.
The ASEAN Infrastructure Fund has launched an “Inclusive Finance Facility” to provide concessional financing for critical infrastructure in three countries in the Greater Mekong Subregion—Cambodia, the Lao People’s Democratic Republic, and Myanmar.
The People’s Republic of China, Lao People’s Democratic Republic, and Thailand have agreed to build a railway bridge that will be part of a high-speed rail line connecting the three countries.
The Lao People’s Democratic Republic has issued a law to guide railway development and ensure integration of its rail services with regional and global networks.
The International Finance Corporation is partnering with Thailand-based Amata Corporation to develop sustainability projects for cities, towns, and industrial zones in the Greater Mekong Subregion. The projects will promote green growth and sustainable design practices.
Thailand is embarking on several projects in its northeastern region to improve travel to the Lao People’s Democratic Republic (Lao PDR).
The Asian Development Bank has published economic statistics for analyzing cross-border production arrangements in Southeast Asian countries, including those in the Greater Mekong Subregion.