Project Description
This advisory project aims to promote financial inclusion in Lao PDR by helping the country improve its credit reporting system. The project will work with the Bank of Lao PDR (BOL) to establish a new credit reporting system based on international best practices. The World Bank Group will help BOL to: (i) establish a new credit reporting service provider, jointly owned by the BOL and an experienced private partner; (ii) strengthen the supervisory capacity of the BOL to oversee the operations of the new credit bureau; and (ii) increase public awareness on credit reporting services and financial consumer protection.