Lao PDR is entering a critical stage in its national development. The country’s ninth five-year National Socio-Economic Development Plan is currently being designed and will likely oversee the country’s transition from Least Developed Country status.
In line with the new national development plan, and building on the development finances assessment (DFA) conducted in 2017, the INFF will work to strengthen the national architecture for managing and allocating development finance to support more efficient and effective use of available resources. The INFF will support the development of (a) a practical financing strategy; (b) a context-appropriate methodology to cost commitments made under the national development plan to support improved prioritisation; (c) an evidence-based approach to support budget allocations; and (d) an innovative budget tagging methodology that will allow actual spending to be tracked against priorities.
For more details, visit the Joint SDG Fund website.