Strengthening Foundations to Unlock Green Finance in the Lao People’s Democratic Republic
This brief sets out ways Lao PDR can offset the financial impacts of climate change and start improving its creditworthiness to unlock green growth.
The Government of the Lao People’s Democratic Republic (Lao PDR) seeks to enhance environmental protection and reduce disaster risks while also growing the economy and improving livelihoods and well-being under its socioeconomic development plan through 2025.
This brief provides a snapshot of Lao PDR's efforts to pursue a greener growth path to mitigate the financial impacts of climate change and natural resource degradation, and the challenges that the country faces. It analyzes how ramping up the country'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.
Published December 2023.
