Laos seeks jump in aid to ensure growth, reduce poverty
Vientiane - Laos needs 700 million to 800 million dollars in foreign aid per year to ensure an annual economic growth rate of 8 per cent over the next five years and alleviate poverty, state media reports said Tuesday.
Laos appealed for the increased aid at an annual meeting between government officials and donors held Monday in the capital, the Vientiane Times reported.
If the appeal is met, Laos' foreign aid would jump from the average of 480 million dollars it received per year from 2006 to 2010.
Deputy Minister of Planning and Investment Bounthavy Sisouphanthong said the increased assistance was necessary for Laos to achieve its goal of an annual per capita income of 1,700 dollars by 2015 and reducing its poverty rate from 19 per cent to 10 per cent of its population.
Foreign aid accounts for more than 50 per cent of the country's annual budget.
Laos, one of Asia's poorest nations, aims to shed its UN status of being a least developed country by 2020.
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Laos needs to collect more foreign donations so she can get out of poverty. What kind of idea is this ?
Most other nations work real hard to gain their status but ...
LPDR is looking for an easy way out. Pathetic !
It's hard to find sympathy in the face of such arrogance ... but it's not unthinkable that such a remark was made by one of the high official of the lao communist government thinking that the world owes the lao country so much and so donations.
The article can simply summarize as this : the world has to give me more money because I want to live better so I can catch up with the Jones.
Some kind of attitude from a comrade full of pride.
Oh my God, Laos needs 700-800 hundred million per year from foreign aid to ensure economic growth at 8 percent point ? Oh mine.... This is the most (Kai Na PDR's government ) I've ever heard of, Ever.... Can anybody in the PDR's government come out and explain this to the Lao people ?
It has begun the way to become like Thailand. Invite all and any tourist for sex and aids. Laos is going to shitz. Pretty soon they let China control and kill all the lao people they want.
Do you think this is 50-60-70 ? if China do what you just said, Do you think International Community would just standing there and watch people killing people ? Didn't you see what's happening in Arab Spring in the past few month ? Now even America keep the close eyes to the China in her owe backyard. so what China can do ?