S. Korea provides US$12.5 million for rural development in Laos

People living in the provinces of Vientiane, Xieng Khuang and Borikhamxay will have an opportunity to improve their quality of life and boost their incomes through a project funded by the Korea International Cooperation Agency (KOICA) with US$12.5 million.

Officials cut a ribbon to mark the opening of a project to strengthen rural development and income generation.

The additional funds have been provided following the success of earlier projects supported by KOICA for community-based schemes to enhance rural development in target villages from 2013-2019.
The aim of all of these initiatives is to encourage farmers in rural areas to become self-sufficient.
As part of the project, an Action Plan for rural development and income generation in northern and central areas of Laos was launched on Thursday at the Laos-Korea Rural Development Training Centre in Vientiane.
Present on the occasion were Deputy Minister of Agriculture and Forestry Mr Thongphat Vongmany; Country Director of KOICA in Laos, Ms Myungjin Kim; the Deputy Governors of Xieng Khuang, Borikhamxay and Vientiane province, and associated officials. The project will take place from 2021 to 2025 in 14 villages and seven district of Xieng Khuang, Borikhamxay and Vientiane provinces.
The aim of the project is to support the establishment of an Action Plan for agriculture, forestry and rural development while strengthening the capacity of officials at the central and local levels to successfully implement the plan.
The project will also focus on improving the lives of farmers in the target villages, especially in relation to income generation and the improvement of village infrastructure.
KOICA has been supporting Laos through numerous projects in different sectors such as health, education, economics and agriculture.

By Times Reporters
 (Latest Update April 7, 2023)