NEW GRANT TO BOOST DOMESTIC SILK INDUSTRY IN LAOS
April 1st, 2011
BY KEITH NUTHALL
A WORLD Bank-administered Japan-fund is financing the development of a domestically-operated silk yarn industry in Laos, to help boost the country's valued silk manufacturing sector. Despite making distinctive quality silks, the south-east Asian country's silk sector imports 80-90% of its silk yarn, a problem to be tackled by a US dollar USD1.8 million Sustainable Silk Production Partnership in Rural Lao PDR [people's democratic republic] grant. This comes from the World Bank-run Japan Social Development Fund. A bank statement said: "Lao ...
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