World Bank urges Laos to reform

The World Bank said in late February that it would not guarantee the billion-dollar Nam Theun II dam in Laos until the government commits itself to significant political and economic reforms. World Bank Vice President for East Asia and the Pacific Jean-Michel Severino said "It is important that the government has a good understanding of the conditions which will make the project technically, economically, politically, and ecologically sustainable," Severino is quoted as saying. "We can't commit ourselves on global risk without acceptable macroeconomic conditions being in place."

This text may be freely used providing the source is credited.

This page is: <http://brettonwoodsproject.org/art.shtml?x=15793>

Published: 15 April 2000 , last edited: 8 February 2010

Viewings since posted: 5092

Articles: 3795

Advanced article search
Search newswire and resources

Recent briefings & reports

Climate Investment Funds Monitor 7: April 2013 25 April 2013

Working paper: The private sector and climate change adaptation: International Finance Corporation investments under the Pilot Program for Climate Resilience 24 April 2013

The UK's role in the World Bank and IMF: Department for International Development and HM Treasury 13 March 2013

World Bank on jobs: a "significant departure" or "business as usual"? 13 February 2013

The World Bank and industrial policy: Hands off or hands on? 6 December 2012

Climate Investment Funds Monitor 6: October 2012 26 October 2012