Lao People's Democratic Republic

Eighth Five-Year National Socio-Economic Development Plan (2016-2020)

Legislative

Plan

Passed in 2016

This Development Plan sets the national strategy to reach certain socio-economic targets over the period 2016-2020. It was officially approved at the VIIIth National Assembly's Inaugural Session in April 2016. The Plan notably seeks to foster the country's mitigation and adaptation efforts, and to integrate these goals into sectoral strategic and operational plans. Part. 6.6.2 focuses on disaster risk management and adaptation. A list of sectoral and institutional actions to enable disaster risk management is laid out. Priority mitigation activities include an enhancement of REDD+ projects to reduce emissions and the establishment of sustainable financial mechanisms. The government is encouraged to find a way to integrate REDD+ projects into international carbon trade mechanisms. Aims for the agricultural sector include the development of cultivation areas for renewable energy crops such as oleaginous fruit trees.

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