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NEWS UPDATES Asean Affairs   3 February 2012

$70 million credit to fight climate change for Vietnam

HA NOI – The World Bank has approved the Viet Nam Climate Change Development Policy Operation, the first of three operations scheduled to promote the development and adoption of priority actions to enhance strategies, policies, and institutions needed to respond to climate change.

Under the deal agreed to yesterday, the International Development Association under the World Bank will offer a US$70 million credit with a 25-year maturity and 5-year grace period.

The operation aims to support Viet Nam in its efforts to deal with climate change by adopting policies and bolstering institutional capacity to promote climate resilient and lower carbon intensity development.

It will focus on four policy objectives: improving the resilience of water resources, taking full advantage of energy efficiency potential, strengthening the capacity to formulate, prioritise and implement climate change policies, and the financing framework to support climate change action

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More


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