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BOL, Attapeu hold Party committee meetings

The Bank of the Lao PDR (BOL) has been instructed to improve both its professional responsibility and Party organisation, by more closely overseeing financial discipline and minimising undesirable conduct within Party units.
National Assembly President Mrs Pany Yathotou, representing the Politburo, issued the instruction when addressing a Party meeting of the bank on September 15.
Out of 19 candidates, the bank’s governor was elected Secretary of the new Party committee, Mr Khamvong Thipphavong was elected Deputy Secretary, and Mrs Vatthana Dalaloy was assigned the position of bank inspector.
Mrs Pany praised the leadership of the Party committee over the past five years, which she said had made significant achievements that contributed to the country’s socio-economic development.
However, she urged the bank’s leaders to shoulder more responsibility and plug loopholes that enabled financial violations. She advised the new Party leaders to strive for more successes and to address shortcomings, especially undesirable conduct within the Party’s grassroots units.
Mrs Pany, who is a former Governor of the Bank of the Lao PDR, called on the bank’s newly elected Party committee to enhance Party development and improvement, and to better perform their professional duties.
It was particularly important to ensure the stability of the kip, promote its use, and accelerate improvement of the three state banks, she said.
She stressed the need for bank loans to be issued to successful businesses at a low interest rate, so as to meet the urgent requirements of small and medium business operators.
Elsewhere, the Party committee of Attapeu province opened a meeting on September 17, which was attended by the President of the Lao Front for National Development Dr Xaysomphone Phomvihane, representing the Politburo.
The meeting’s political report, presented by the province’s Governor Mr Leth Xayaphone, showed the economy had grown steadily over the past five years by 7.5 percent a year. Income per capita now stood at US$2,011 (about 18 million kip), an increase of 13.6 percent over the figure for 2015.
The meeting, which continues today, will elect a new provincial Party committee.

By Times Reporters
(Latest Update
September 18,

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