Banque Franco Lao Ltd (BFL) signed a Memorandum of Understanding with the Task Force Committee for Local Production Promotion (Ministry of Finance and Ministry of Agriculture), to provide $225k to finance strategic developments in the Agriculture sector of the Lao PDR.
This cooperation and project financing is particularly significant for both entities as it aims to encourage quality and effectiveness of local agricultural production, in order to ensure sustainability and growth of production, enabling competition with imported agricultural products. Moreover, this will facilitate the sufficient supply of local products to meet the domestic and international demand.
His Excellency, Mr. Athsaphangthong Siphandone, Vice Governor of the Vientiane Capital Municipality, represented the Task Force Committee along with Mr. Bounleua Sinxayvoravong, Deputy Minister to the Ministry of Finance, and Mr. Lasay Nouanthasing, Director General, Department of Agriculture and Forestry of Vientiane Capital.
