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                           LAO PDR: Eighth Poverty Reduction Support Operation

                                                SUMMARY OF DISCUSSION

                                              Meeting of the Executive Directors

                                                               August 9, 2012


        Executive Directors approved a Grant in the amount of SDR 13.3 million (US$20 million
equivalent) to the Lao People’s Democratic Republic on the payment terms and conditions set
out in the President’s Memorandum (IDA/R2012-0191).

        Directors expressed support for the operation, which would support strengthening the
sustainable management of increasing revenues from the natural resource sectors in order to
deliver improved public services. In this context, Directors highlighted the importance of
promoting sustainable development, economic diversification and job growth, while also
fostering transparency, accountability and good governance. Close program monitoring was also
emphasized, as was the need to focus on vulnerable groups and address gender disparities.
Finally, Directors encouraged continued close collaboration between the government and
development partners.




                                                            
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  This summary is not an approved record.