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Samakomlao -> Samakomlao Main -> General -> Laos borrows a lot of money from Japan, good ? not good ? why ?
Post Info TOPIC: Laos borrows a lot of money from Japan, good ? not good ? why ?
Anonymous

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Laos borrows a lot of money from Japan, good ? not good ? why ?
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Laos, Japan agree on development loan

The government of Japan has agreed to provide a loan of up to 1.5 billion yen (US$16.6 million) to the Lao government under the Japanese Official Development Assistance (ODA) programme, according to the Ministry of Foreign Affairs of Japan.

The agreement came during participation in the First Mekong-Japan Summit in Tokyo last week by a Lao delegation led by Prime Minister Bouasone Bouphavanh.

The agreement was signed last Saturday by Lao Deputy Prime Minister and Minister of Foreign Affairs, Dr Thongloun Sisoulith, and Japanese Minister for Foreign Affairs, Mr Katsuya Okada.

The Japanese Ministry of Foreign Affairs reported the loan is being extended in cooperation with the Fifth Poverty Reduction Support Operation currently operated in Laos by the World Bank.

The financing will provide the Lao government with emergency financial assistance and economic stimulus to offset the effects of the global economic recession.

The loan is subject to an interest rate of 0.01 percent per annum with a repayment period of 40 years (including a ten-year grace period).

The signing ceremony was attended by Prime Minister Bouasone Bouphavanh and Japanese Prime Minister Yukio Hatoyama.

At the summit Japan committed to expanding its ODA to Laos , Cambodia and Vietnam , as well as to the Mekong region as a whole.

Japan has committed more than 500 billion yen (US$5.5 billion) in ODA to the Mekong region over the next three years. This commitmen t, which facilitates in part the flow of private investment, is expected to fully mobilise Japan 's knowledge and financing, and lead to the promotion of the measures stated in the Tokyo Declaration in a more effective way, according to a statement released by the Japanese Ministry of Foreign Affairs. The leaders of Mekong region countries reaffirmed their commitment to utilise Japanese ODA efficiently, effectively and properly.

During the summit, the government of Japan also agreed to provide a loan of 54.9 billion yen (US$609 million) to the Vietnamese government.

The summit saw the adoption of the Tokyo Declaration and a commitment by Japan to cooperate with NGOs to assist with the clearance of unexploded ordnance in southern Laos in the aftermath of tropical storm Ketsana. The summit was also attended by leaders from Laos , Cambodia , Myanmar , Thailand and Vietnam .

 

 

By Times Reporters



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SUNNY

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Good if use for the country need like loan for economic stimulus need,if some government worker still that money to spend for them self that go to be ugly, Lao people(tax payer)have to pay for it.

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Anonymous

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Good, if money support to improve the road between village to main road it will keep the clearn along the city.

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eye_sky


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If this benefits a good number, and this will help in the development of the countryside, why not?








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Anonymous

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how many ppls earn financial management in laos? if dont know how to manage those money ,some country loan laos how much but it will never return.

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Speak-out

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Anonymous wrote:

how many ppls earn financial management in laos? if dont know how to manage those money ,some country loan laos how much but it will never return.


As far as i'm consern, There's nobody from pre-75 governments graduated or got master degree in eonomics, except, Doctors, Engineers, from France. that's it. Unless, i didn't know about it. so anyone??

 



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Anonymous

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Speak-out wrote:

 

Anonymous wrote:

how many ppls earn financial management in laos? if dont know how to manage those money ,some country loan laos how much but it will never return.


As far as i'm consern, There's nobody from pre-75 governments graduated or got master degree in eonomics, except, Doctors, Engineers, from France. that's it. Unless, i didn't know about it. so anyone??

 

 


Back then very few countries needed an Economist if you will ,  in their country.
I couldn't see why Laos would need one , not that I know if we have one or not?

 



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Speak-out

Date:
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Anonymous wrote:

Speak-out wrote:

 

Anonymous wrote:

how many ppls earn financial management in laos? if dont know how to manage those money ,some country loan laos how much but it will never return.


As far as i'm consern, There's nobody from pre-75 governments graduated or got master degree in eonomics, except, Doctors, Engineers, from France. that's it. Unless, i didn't know about it. so anyone??

 

 


Back then very few countries needed an Economist if you will ,  in their country.
I couldn't see why Laos would need one , not that I know if we have one or not?

 


I'm sorry, something need to be correct, i mean '' concern'' not consernnn. i could find it word in my Dictionary.55555

 



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Anonymous

Date:
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Speak-out wrote:

Anonymous wrote:

 

Speak-out wrote:

 

Anonymous wrote:

how many ppls earn financial management in laos? if dont know how to manage those money ,some country loan laos how much but it will never return.


As far as i'm consern, There's nobody from pre-75 governments graduated or got master degree in eonomics, except, Doctors, Engineers, from France. that's it. Unless, i didn't know about it. so anyone??

 

 


Back then very few countries needed an Economist if you will ,  in their country.
I couldn't see why Laos would need one , not that I know if we have one or not?

 


I'm sorry, something need to be correct, i mean '' concern'' not consernnn. i could find it word in my Dictionary.55555

Also economics not eonomics. smile

 



__________________
Speak-out

Date:
Permalink   

Anonymous wrote:

Speak-out wrote:

 

Anonymous wrote:

 

Speak-out wrote:

 

Anonymous wrote:

how many ppls earn financial management in laos? if dont know how to manage those money ,some country loan laos how much but it will never return.


As far as i'm consern, There's nobody from pre-75 governments graduated or got master degree in eonomics, except, Doctors, Engineers, from France. that's it. Unless, i didn't know about it. so anyone??

 

 


Back then very few countries needed an Economist if you will ,  in their country.
I couldn't see why Laos would need one , not that I know if we have one or not?

 


I'm sorry, something need to be correct, i mean '' concern'' not consernnn. i could find it word in my Dictionary.55555

 

Also economics not eonomics. smile

 


Oh gee, how could i missed that one when i used it every day.Thanks Bro for corrected me again. i think, i need to get lay.555.

 



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Anonymous

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It's good if ALL of the money borrowed from the Japanese government is REALLY spent on the development program(s).

I am just afraid that some of the money will be grabbed into someone's pocket!no



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Anonymous

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Anonymous wrote:

 

It's good if ALL of the money borrowed from the Japanese government is REALLY spent on the development program(s).

I am just afraid that some of the money will be grabbed into someone's pocket!no

 



this is very obvious! buy  brand news cars for government office is one of expenses for development.

anyone HEN NGEN NA DAM  HEN KHAM NA SAO!!!



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LaoSavan

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Yes, It's good for low interest loan.

I have a suggestion to Lao Gov, Lao do need a national highway, which three lane for each side with fence along the highway.

Lao need at lest one highway ( or railroad ) from north to south to move raw material or merchants from small town to big cites, and the people can spent less time to travel or doing business. Example from Vientiane to savannakhet in 3 hrs, to Pase in 4 1/2 hrs. From north to south only 8 hrs, so I'm sure that a lot of village people will spent more times to grow foods, or any thing that can be sold or export to another country as well.

Think about I drove from LA to San Jose 400 miles ( about 700 Km ) only 5 hrs. so the company that need to get supplies from one city to another can schedule for delivery or planning. Lao really need the highway or railroad to make the country grow.

 



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Anonymous

Date:
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LaoSavan wrote:

 

Yes, It's good for low interest loan.

I have a suggestion to Lao Gov, Lao do need a national highway, which three lane for each side with fence along the highway.

Lao need at lest one highway ( or railroad ) from north to south to move raw material or merchants from small town to big cites, and the people can spent less time to travel or doing business. Example from Vientiane to savannakhet in 3 hrs, to Pase in 4 1/2 hrs. From north to south only 8 hrs, so I'm sure that a lot of village people will spent more times to grow foods, or any thing that can be sold or export to another country as well.

Think about I drove from LA to San Jose 400 miles ( about 700 Km ) only 5 hrs. so the company that need to get supplies from one city to another can schedule for delivery or planning. Lao really need the highway or railroad to make the country grow.

 

 


i agree with you brother, this is what Lao gov must think about our people in Laos,  railroad from the north to south is very important as well. but those protects will be spending a lot of money!!!!!who will aid laos or loan us for building that??

 



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Anonymous

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As long as you think that you can make some profit from that borrowed money from Japan. We have no problem with it. It's good for developping our country

But remember that not just only Japan that we own them the money but also we borrowed from S. Korea, Thailand, Singapore, China and Malaysia

The money that we have borrowed if we don't have good management. It will bring disaster to our Lao people. If the Gov make some mistake or corrupt with those money. All liabilities will goes to all Lao people from the root up to the top eventhought we are not the one  who make it.



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Anonymous

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As long as you think that you can make some profit from that borrowed money from Japan. We have no problem with it. It's good for developping our country

But remember that not just only Japan that we owe them the money but also we borrowed from S. Korea, Thailand, Singapore, China and Malaysia

The money that we have borrowed if we don't have good management. It will bring disaster to our Lao people. If the Gov make some mistake or corrupt with those money. All liabilities will goes to all Lao people from the root up to the top eventhought we are not the one  who make it.



 



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niya


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