Laos received two loans worth $10 million from the Asian Development Bank (ADB). The first loan of $7.684 million has been allocated to improving microfinance regulation in the country. A further $2.316 million loan will help strengthen the government-owned Agriculture Promotion Bank’s internal processes like accounting and risk management. The loans have maturities of 24 and 32 years, respectively, at 1% annual interest for the first eight years and 1.5% thereafter. These are consistent with historical loan terms from the ADB.
Continue reading “$10 Million in Loans from Asian Development Bank to Laos for Microfinance Regulation and State Agriculture Bank”
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