Luxembourg raises Lao banking standards

Mr Bounsong Somalavong greets guests at a ceremony to launch the Bank
of the Lao PDR's first technical working group on human resources development

The government of Luxembourg has allocated 2 million euros to help Laos upgrade its banking and finance sectors to meet international standards.

The two year cooperation project between the Luxembourg Agency for Development Cooperation (Lux-Development) and the Bank of the Lao PDR was officially unveiled on Friday at a ceremony held in Vientiane. Read more...

By Ekaphone Phouthonesy
(Latest Update January 19, 2008)