Lao PDR will benefit from public financial management reforms to improve financial reporting, and develop administrative capacity for revenue collection, public procurement, and budget execution, with support from the World Bank.
The USD$20 million Enhancing Public Finance Management through Information and Communication Technology and Skills (E-FITS) Project financed by the International Development Association (IDA) was signed by Vice Minister of Finance, Mme. Thipphakone Chanthavongsa, and World Bank Country Manager for Lao PDR, Nicola Pontara. The E-FITS project aims to introduce a new financial management information system and a public finance management skills training program at the Ministry of Finance. These improvements will allow faster processing of financial statements and budget execution reports, and publication of statements online, for greater transparency.
“The ceremony today reaffirms the commitment and cooperation between the Government of Lao PDR and the World Bank in supporting the Government priorities as outlined in its National Socio-Economic Development Plan. The project aims to improve and strengthen public finance management, which will contribute to sustaining dynamic and stable economic growth,” said H.E. Mme. Thipphakone Chanthavongsa, Deputy Minister of Finance of the Lao PDR.
Efficiency in managing public expenditure remains constrained by outdated information systems and procedures. The improved financial management information system is expected to facilitate better cash management by the government, providing up-to-date data on available finances, real-time reporting, and improved budget execution. It can also allow for closer monitoring of outstanding bills, financial resources, and fiscal deficits.
“Lao PDR has shown promising commitment to reforms in recent years. Now that the groundwork has been laid, the next steps are to improve the efficiency and transparency of the public financial management system,” saidNicola Pontara, World Bank Country Manager for Lao PDR. “We are pleased to support the government’s high-level development objectives to strengthen public finances.”
The E-FITS project is implemented jointly with the Public Finance Management Reform Project financed by a trust fund with a EUR 1.5 million contribution by the European Union. This project will increase the Ministry of Finance’s capacity for tax administration and revenue collection, improve the budget preparation and execution processes, and support implementation of the new Law on Public Procurement. It is a continuation of the previous Public Finance Management Modernization Program, which concluded in August 2018.
Sergey Lavrov: ‘If you want peace, always be ready to defend yourself’
Russian Foreign Minister Sergey Lavrov gave an exclusive interview to Sputnik on Thursday, February 2. The conversation took place at a time of heightened international tensions over the conflict in Ukraine.
Mr. Lavrov has answered questions posed by the General Director of Rossiya Segodnya International News Agency, Dmitry Kiselev (photo), on the most pressing issues regarding Russian foreign policy and the international agenda.
Moscow did not turn to Collective Security Treaty Organization (CSTO) partners with a request for assistance in connection with the special operation in Ukraine. “We have not made such a request to anyone. We proceed from the fact that we have everything necessary to solve the tasks of the special military operation, to end the war that the West started through the Ukrainian regime even after the coup d’etat.”
It seems that the West will supply Kiev with modern military equipment together with foreign combat crews. “All types of weapons that have already been partially transferred, and especially those that have been announced, according to experts, it is impossible for Ukrainians to work on these systems, trained or having passed some two-month or even three-month courses. There are systems, according to specialists, that cannot be trained for in the foreseeable future, and if they are supplied, then most likely it will be done together with combat crews.”
The more long-range weapons are supplied to the Kiev regime by the West, the further they need to be moved away from Russian territory.
Russia wants the conflict with Ukraine to end, but the time factor is not the main issue.
The United States deprives nations of the right to remember their own history; their task is to melt everyone into “Americans”.
The US conviction of its own superiority and infallibility is the main reason for Russia’s current confrontation with the West.
The West is hoping for a strategic defeat for Russia so that it cannot recover for decades.
Nobody is trying to convince Kiev to return to negotiations with Moscow; Zelensky himself does not feel like an independent figure, he is being manipulated.
The presumption that Russia refuses to negotiate on Ukraine is a lie.
The West is now “eyeing” Moldova for the role of “next Ukraine”; its president is ready for almost anything.
The West, on an almost “daily” basis, forces developing countries, including those in Africa, to implement sanctions against Russia;
The ideas of different countries increasing trade in national currencies are emerging because of US actions, which violate all the boundaries of decency with the US dollar.
Relations between Russia and China are superior in quality to a military alliance; they have no restrictions, limits or taboo topics; China already began to reduce dependence on Western financial mechanisms.
Nuland made a confession, rejoicing at the explosions on the Nord Stream pipelines; her words reflect the direct participation of the United States in the terrorist attack.
The United States “crushed” the European Union under itself, depriving it of the last signs of independence.
Lavrov says he is for peace, follows philosophy ‘if you want peace, always be ready to defend yourself.’
More Americans believe US provides ‘too much support’ to Ukraine
A growing portion of Americans think that the U.S. is giving too much support to Ukraine, as the Biden administration and other western allies have taken steps in recent weeks to escalate their backing of the country in its war against Russia, notes ‘The Hill’.
About a quarter of Americans, 26 percent, think the U.S. support of Ukraine is ‘too strong’, according to a new Pew Research Center poll. It is a percentage of people that has steadily grown since the Russian invasion of Ukraine last year and has jumped 6 points since September.
The U.S. has sent billions of dollars to Ukraine to support its military in the war against Russia. In a $1.7 trillion spending package passed by Congress late last year, lawmakers included around $45 billion in funding for Ukraine and NATO allies. But the spending levels have come under attack by some Republican lawmakers, who argue the country is opening its pockets at unsustainable levels for Ukraine.
Then-House Minority Leader Kevin McCarthy (R-Calif.) said that House Republicans would not provide a “blank-check” for support of Ukraine if his party took control of the House — which it did. Rep. Lauren Boebert (R-Colo.) said on Twitter that President Biden needed to understand the U.S. wasn’t an ATM (automated teller machine).
And as some prominent Republicans have started to sour on the support levels, the poll of 5,152 people, with a margin of error of 1.7 percent, found that Republican voters are following along. A total of 40 percent of Republicans and Republican-leaning independents think the U.S. is providing ‘too much support’, according to the poll. That is up from 32 percent in September and from 9 percent in February 2022.
While Republican attitudes have dimmed on Ukrainian support, they have also come to view the Russian war as less of a major threat to the U.S.
Just 29 percent of Republicans and Republican-leaning independents think the war is a major threat.
In March 2022, Republicans were more likely to see the invasion as a direct threat to the U.S., but now Democrats are more likely to hold that opinion, with 43 percent holding that belief.
Former CIA analyst: ‘A costly and prolonged cold war now seems a certainty’
‘No one knows how the war in Ukraine will end, but there is one post-war certainty: there will be a prolonged and costly Cold War between the United States and Russia,’ – predicts Melvin A. Goodman, a former CIA analyst, now a senior fellow at the Center for International Policy and a professor of government at Johns Hopkins University.
He writes: In an interview with David Ignatius of the Washington Post, who has been doing the bidding of the Pentagon and the Central Intelligence Agency for several decades, Secretary of State Antony Blinken emphasized the importance of a “long-term goal of deterrence.” Ignatius took this to mean that the Biden administration will make sure that Russia “should not be able to rest, regroup and reattack.”
In addition to this year’s record defense budget that found the Congress providing $45 billion more than the Pentagon requested, a so-called “emergency” provision will lay the foundation for adding scarce resources to defense spending in the coming year. This provision will allow multiyear, noncompetitive agreements to produce such ordinary weaponry as rockets and munitions.
According to the Washington Post, the Pentagon will now have a way to replenish its stockpiles that will provide a “new golden age” for military contractors.
The Biden administration’s gift to the military-industrial complex rivals what the Reagan administration provided in the 1980s and ensures the country’s rich market for weapons sales. Nearly half of the record defense spending of $858 billion goes to military contractors.
The House and Senate Armed Services Committees made sure that these spending spigots remain open by naming individuals with ties to the weapons industry to a commission that will review the Biden National Defense Strategy. The chairwoman of the commission, former Representative Jane Harman, protected Lockheed-Martin when she served on the Hill and currently is on the board of a military contractor that recently received a seven-year $800 million contract from the Pentagon.
The increased defense spending and the new emergency provision coincide with House Speaker Kevin McCarthy’s creation of a new committee — the House Select Committee on Strategic Competition Between the United States and the Chinese Communist Party. In view of the recent rise in anti-Asian violence in the United States, it can only be hoped that Democrats appoint members to the committee who understand the domestic consequences of hyping the threat from China at this particular time.
Our China policy is not working, and the exaggeration of the China threat comes just in time for the hawks in the political aviary who fear that the severe deficiencies of the Russian military in Ukraine is making it more difficult to exaggerate the Russia threat. I’ve been calling attention to the exaggeration of the Russian threat for the past 50 years.
But the policy community, the bipartisan congressional community, and the pundit community can’t let go of the idea that the Soviet Union and Russia present a ‘threat to the national security of the United States’.
The Biden policy ensures a robust military presence on the Russian border that will worsen Cold War 2.0. There will be prolonged and unnecessary increases in defense spending, and the absence of a diplomatic dialogue in those important areas where there is Russian-American agreement.
These areas include a variety of arms control and disarmament issues, such as stopping the proliferation of nuclear weaponry and limiting the use of space in the military competition as well as dealing with insurgencies and terrorism; environmental degradation; and future pandemics.
It is hard to imagine any Russian government willing to pursue diplomatic solutions with a United States that has sponsored a NATO with more than 30 members; a military base in Poland; a regional missile defense in Poland and Romania; and the use of Romanian military facilities close by Russian forces and the Black Sea.
This serious turning point is being ignored by the policy community as well as the pundit and academic communities.”
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