Laos Launches SDG Investor Map to Promote Sustainable Development

20/10/2024 11:13
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KPL The Ministry of Planning and Investment, in collaboration with the United Nations Development Programme (UNDP) and the Center for Impact Investing and Practices (CIIP), officially launched the SDG Investor Map in Vientiane on October 18. The launch marks a significant step toward advancing sustainable development in Laos through targeted investments.

The launching ceremony on SDG Investor Map in Vientiane on October 18

(KPL)The Ministry of Planning and Investment, in collaboration with the United Nations Development Programme (UNDP) and the Center for Impact Investing and Practices (CIIP), officially launched the SDG Investor Map in Vientiane on October 18. The launch marks a significant step toward advancing sustainable development in Laos through targeted investments.

The event was attended by key figures, including Vice Minister of Planning and Investment, Sthabandith Insisienmay, UNDP Lao PDR Resident Representative, Ms. Martine Thérer, and Director of the CIIP, Ms. Koh Lin-Net, along with other relevant officials.

Vice Minister of Planning and Investment, Sthabandith Insisienmay

"The launch of the SDG Investor Map towards sustainable development comes at an opportune time, as Laos is striving to improve mechanisms to attract quality investments that can contribute to inclusive and sustainable development," said Vice-Minister Sthabandith Insisienmay during his opening remarks.

He further emphasized the government's efforts to integrate sustainable financing strategies into the 9th National Socio-Economic Development Plan, highlighting the importance of aligning investments with the revised Investment Promotion Law. The SDG Investor Map is set to play a crucial role in these efforts by identifying investment opportunities that support the achievement of Sustainable Development Goals (SDGs).

Ms. Martine Thérer, Resident Representative of UNDP Lao PDR

Ms. Martine Thérer, Resident Representative of UNDP Lao PDR, stated, "The SDG Investor Map identifies investment opportunities that align with the SDGs and can drive transformative change, accelerating Laos' sustainable development trajectory."

The map is designed to guide investors, policymakers, and stakeholders by offering policy recommendations that enhance the investment climate. It also highlights areas where investments can make the most impact, particularly in addressing challenges like poverty, inequality, and environmental sustainability.

The SDG Investor Map surfaces Investment Opportunity Areas (IOAs) that are commercially attractive and align with SDG objectives. These IOAs will be uploaded to the Global SDG Impact Platform, facilitating private sector investment and innovative financing in Laos.

Laos joins other ASEAN countries, including Cambodia, Indonesia, and Vietnam, in adopting the SDG Investor Map to attract sustainable investments and drive development efforts.

“Learn more about the 11 Investment Opportunity Areas for the Lao PDR by scanning this QR code" Ms. Martine Thérer added.

https://sdgprivatefinance.undp.org/leveraging-capital/sdg-investor-platform/country/lao-pdr



KPL

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