PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

607173

Primary Business Area

Other

Disclosure Date

Mar 3, 2024

Country

Lao People's Democratic Republic

Region

East Asia and the Pacific

IFC Approval Date

Oct 16, 2023

Status

Active

Estimated Total Budget

$1,086,530.00
(Project budget includes all project-funded activities)

Last Updated Date

Mar 12, 2024

Project Estimated Start Date

Oct 16, 2023

Project Estimated End Date

Jun 30, 2027

Client Legal Name

BANK OF THE LAO PDR

Project Description

The project has an overall objective to foster green finance in Lao PDR by creating an enabling regulatory and policy environment for FIs to transition to green lending and for private sector to mobilize capital for green investment. The project will achieve the objective by developing a national green finance taxonomy aligned with the ASEAN taxonomy and international good practices; developing relevant guidelines on green lending and ESG risk reporting and disclosure for FIs; and developing policy framework and standards for thematic bond issuances in line with the regional and international standards.

Development Results

E&S Risks / Impacts and Mitigation