Govt makes efforts in addressing global crisis

Govt makes efforts in addressing global crisis

(KPL) The government is making efforts in stimulating the national economic growth and address the impact from the world financial crisis, said Foreign Minister Thongloun Sisoulith.
The foreign minister said that some investment projects have been suspended, which resulted in the reduction of national revenues. While export and tourism have been declined due to the falling demand in the world markets. And these brought about the reduced employment of both domestic and foreign investors.
Dr. Thongloun Sisoulith chaired the brainstorming meeting on unemployment and social welfare of the lao people during the global financial crisis here on Monday.
The meeting has agreed to conduct a census on unemployment for planning short and long-term measures on dealing with the financial crisis impact, especially the legal improvement, vocational training for retrenched and unemployed workers, the promotion of agriculture production and the production of SMEs.
The census is also needed for various matters of valued added production, market access of the Lao products and market management, credit provision for domestic producers, taxation incentives and the close collaboration among relevant sectors of government and the private to deal with the financial crisis impact.
The meeting attracted ministers from different ministries, representatives from mass organizations, businesses and relevant sectors.
The meeting was held according to the prime ministerial agreement dated 31 December last year on cooperation between relevant sectors in dealing with the impact of the world financial crisis and the stimulus for the national economic growth.