ADB support to the Lao PDR continues to focus on infrastructure and private sector development, enhanced human development, sustainable natural resource management, and climate resilience.
ADB and Monsoon Wind Power Company Limited signed a $682.55 million nonrecourse project financing package to build a 600-megawatt wind power plant in Sekong and Attapeu provinces in the southern region of the Lao People’s Democratic Republic.
Private sector capital needs to be mobilized to bridge the climate financing gap. This requires new innovative approaches to attract private sector investment in green projects.
ADB is deploying nature-based solutions to help developing member countries address climate change risks while protecting the environment and ensuring benefits for people.
Climate change is an existential threat, but it also represents a massive opportunity for Southeast Asia to pursue low-carbon economic growth.