LAO PEOPLE'S DEMOCRATIC REPUBLIC
UNCDF has been present in Lao PDR since 1982, providing assistance to meet its development challenges through joint programming with UNDP on local development and financial inclusion.
Today, UNCDF offers “last mile” finance models that unlock public and private resources, especially at the domestic level, to reduce poverty and support local economic development.
The UNCDF global programme on the Local Climate Adaptive Living Facility (LoCAL) to help governments to access to and channel global climate change financing to the local level has been also implemented in Laos. LoCAL has supported fiscal decentralization and delegation of authority and responsibility from the central government to local administrations. This initiative is in line with the government’s Sam Sang (3 Builds) decentralization policy, under which local administrations have been given a greater role and responsibility in exercising discretionary decision-making power and authority.
The Lao PDR INFF is a joint project that is being implemented by UNCDF UNDP and UNFPA being financed under the UN SDG Fund Window B. The UNCDF project component explicitly links to the SDG Fund Window A work related to the Chart of Accounts and PFM. UNCDF has developed an SDG budget tagging methodology and is in the process of testing the devised budget tagging system to improve SDG reporting through an approximation of revenues and expenditures allocated to SDGs.
Through our Inclusive Digital Economies practice, UNCDF provided technical support to advance the country's National Financial Inclusion Strategy (NFIS), with specific support intended to advance women's economic empowerment.