ADB's Work in the Lao PDR
Shareholding and Voting Power
Number of shares held:
1,476 (0.014% of total shares)
40,590 (0.305% of total membership, 0.469% of total regional membership)
Overall capital subscription:
Paid-in capital subscription:
The Lao People’s Democratic Republic (Lao PDR) has enjoyed robust economic growth over 2 decades, but the economy has been slowing since 2015. While the country has avoided a large outbreak of coronavirus disease (COVID-19), restrictions associated with the pandemic have restrained economic expansion and accentuated the country’s development challenges.
The Lao PDR needs to achieve faster structural transformation and export diversification for higher and more inclusive growth. Challenges in building institutional capacity and maintaining macroeconomic stability hinder advances in competitiveness, while investments in infrastructure and skills are needed to increase productivity.
The Asian Development Bank (ADB) has been supporting the Lao PDR since 1968 and remains one of the country’s largest multilateral financiers. Since 1968, ADB has committed loans, grants, and technical assistance totaling $3.48 billion for the Lao PDR, inclusive of sovereign and nonsovereign operations.
Since 1968, ADB has committed loans, grants, and technical assistance totaling $2.91 billion for the Lao PDR.
Aerial view of the Nam Theun 2 Hydropower Plant