MOIC organized the 13th BAF Task Force Meeting and BAF Information Session
Vientiane Capital, 15 February 2024, the Ministry of Industry and Commerce (MOIC) organized the 13th BAF II (Business Assistance Facility, phase II) Task Force Meeting. The objective of the first session of the meeting was to review the current progress, follow up solutions for those issues raised by the BAF II recipients during the previous meeting on August 2023, also to discuss priorities of the BAF II implementation.
The meeting was shared by Dr. Buavanh Vilavong, the Permanent Secretary, MOIC. Almost 20 representatives from the BAF II Taskforce members in the Ministry of Industry and Commerce, NIU and BAF II team.
During the meeting, the participants listened to the presentation by BAF II representatives, and discussed about the progress, Since the project has been implementing till December 2023 the government has completed 526 of approved matching grants, with 429 of grants fully disbursed, challenges and priorities, together with other additional actions that the project should implement to meet the new project milestones. The second session, the meeting participants were visited Mahasena Enterprise Company Limited (Passion Fruits Producing Factory), a BAF II recipient which located in Vientiane capital.
Dr. Buavanh Vilavong, the Permanent Secretary, MOIC, closed the meeting by acknowledging all participant’s contribution and thank you the business for warm welcoming the team.
This meeting was supported by Lao Competitiveness and Trade Project (LCT), which is funded by The World Bank Group, Australian Aid, Irish Aid, and USAID. The purpose of the project is to reduce and eradicate constraints of business growth by the technical and budget assistance to improve business environment as well as to improve the regulatory environment, lowering trade costs and raising firm-level competitiveness.
