VIENTIANE, Feb. 16 (Xinhua) -- The Lao Ministry of Planning and Investment and the European Union (EU) held their biannual working group meeting here on Thursday, reviewing bilateral ties and confirming priorities for future cooperation.
The two sides discussed details of the current and future cooperation mechanisms to support Laos' objective to graduate from the Least Developed Countries List by 2020.
During the meeting, Lao Deputy Minister of Planning and Investment Kikeo Chanthaboury and EU Ambassador Leo Faber announced their commitment to implementing three financing agreements.
The EU is expected to provide 60.5 million euros (65 million U.S. dollars) to the Laos on food and nutrition security, governance and the rule of law.
In total, the EU will allocate some 207 million euros to the Laos for the 2014-2020 period. (1 euro = 1.07 U.S. dollar)