Download or read book Lao People s Democratic Republic written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2023-05-22 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt: Marked exchange rate depreciation following the global terms of trade shocks at the start of 2022 year brought high inflation and deteriorating living standards and caused substantial increases in the domestic currency values of public debt and bank liabilities. Nonetheless, growth continued, and the prospect is for a return to steady growth in 2023. But public debt is assessed to be unsustainable, and servicing government debt presents substantial risks to this outlook.
Download or read book Lao People s Democratic Republic written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2017-02-15 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2016 Article IV Consultation highlights that the real GDP growth of Lao People’s Democratic Republic is expected to moderate from 7.5 percent in 2015 to 7 percent in 2016. Domestic activity has slowed following a less favorable external environment, and credit growth has also moderated from a high level. As growth continues to moderate in the near-term, inflation is projected to remain in low single digits. The current account deficit is projected to widen to about 19 percent of GDP in 2017 owing to the execution of large infrastructure projects with foreign direct investment.
Download or read book Lao People s Democratic Republic written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2019-08-08 with total page 101 pages. Available in PDF, EPUB and Kindle. Book excerpt: After more than a decade of high growth with low inflation, Lao P.D.R. is solidifying its progress towards graduating from the Least Developed Country (LDC) status. However, more than one fifth of the population remains poor, regional disparities are persistent, and recurring natural disasters pose risks for poverty reduction. A large current account deficit, low level of reserves, a high level of debt, managed exchange rate, and a dollarized banking system amplify macro-vulnerabilities. The authorities recognize the current economic challenges and their comprehensive reform programs aim at rebalancing the economy from a resource-based to a more diversified growth model by investing in human development and improving competitiveness.
Download or read book Lao People s Democratic Republic written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2019-08-08 with total page 101 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2019 Article IV Consultation with Lao People’s Democratic Republic (P.D.R) analyses that after more than a decade of high growth with low inflation, country is solidifying its progress toward graduating from the Least Developed Country (LDC) status. However, more than one-fifth of the population remains poor, regional disparities are persistent, and recurring natural disasters pose risks for poverty reduction. A large current account deficit, low level of reserves, a high level of debt, managed exchange rate, and a dollarized banking system amplify macro-vulnerabilities. The authorities recognize the current economic challenges and their comprehensive reform programs aim at rebalancing the economy from a resource based to a more diversified growth model by investing in human development and improving competitiveness. Modernizing monetary governance and building reserves supported by greater exchange rate flexibility will help to mitigate external shocks in an uncertain global environment.
Download or read book Lao People s Democratic Republic written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2012-10-18 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: Against the backdrop of generally sound policies and abundant natural resources, Lao P.D.R. has made impressive progress in developing its economy and reducing poverty. The key challenge going forward is to ensure that economic policy frameworks stay ahead of the curve to achieve sustainable and broad-based growth.
Download or read book Lao People s Democratic Republic written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2013-12-20 with total page 67 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2013 Article IV Consultation highlights that over the past year, the economy of the Lao People’s Democratic Republic has been overheating from expansionary macroeconomic policies. The fiscal deficit is estimated to have widened to 61⁄2 percent of GDP, mainly fro'm a doubling of public sector employee compensation and higher capital spending. Government liquidity is tight, and wage and other arrears of 2–3 percent of GDP have emerged. Monetary policy has been accommodative, and credit growth remains vigorous. Although medium-term growth prospects remain favorable, based on robust natural resource exports and post-WTO expansion in the nonresource sectors, heightened vulnerabilities have subjected the outlook to considerable uncertainty.
Download or read book Lao People s Democratic Republic 2004 Article IV Consultation staff Report Public Information Notice on the Executive Board Discussion and Statement by the Executive Director for the Lao People s Democratic Republic written by International Monetary Fund and published by . This book was released on 2005 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Lao People s Democratic Republic written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2015-02-26 with total page 71 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2014 Article IV Consultation highlights that the real GDP growth of Lao People’s Democratic Republic is expected to moderate from 8 percent in 2013 to 7.5 percent in 2014. Domestic activity has slowed, and credit growth has declined from excessive levels. Inflation has declined to 3 percent from 6.5 percent at end-2013, largely owing to weaker food and fuel price momentum. To address vulnerabilities, Executive Directors have emphasized the need for continued fiscal consolidation, greater exchange rate flexibility, tighter monetary conditions, strengthened financial supervision, and improved bank resolution and crisis prevention frameworks.
Download or read book Lao People s Democratic Republic written by International Monetary Fund and published by International Monetary Fund. This book was released on 2007-11-07 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: The staff report for the 2007 Article IV Consultation on the Lao People’s Democratic Republic (PDR) explains economic performance. Growth is robust and increasingly reliant on large export-oriented mining and hydropower projects. The economic outlook is promising, but the outcome clearly depends on the government’s policy response to the emerging resource bonanza. The current fiscal regimes for the resource sector have several sound features, but some improvements are needed to align them to best international practices.
Download or read book Lao People s Democratic Republic Staff Report for the Article IV Consultation written by and published by . This book was released on 2006 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Lao People s Democratic Republic written by International Monetary Fund and published by International Monetary Fund. This book was released on 2008-10-22 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2008 Article IV Consultation highlights that Lao People’s Democratic Republic’s (PDR) economy has performed well in recent years, owing to generally stable macroeconomic conditions and a rapidly expanding natural resource sector. Real GDP growth has averaged more than 7 percent since 2004. Growth is projected to reach 71⁄2 percent in 2008, driven by similar factors as last year, as well as higher mining output. The medium-term outlook for Lao PDR remains positive, but hinges on sound development of the resource sector and other steps to strengthen competitiveness.
Download or read book Lao People s Democratic Republic written by International Monetary Fund and published by International Monetary Fund. This book was released on 2006-11-07 with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt: The macroeconomic performance for Lao People’s Democratic Republic is encouraging, but underlying fragilities remain. Progress needs to be made on structural reforms. On the fiscal side, the immediate challenge is to avoid an unsustainable expansion of spending. The medium-term priority is to mobilize revenues to enable Lao People’s Democratic Republic to meet its development needs, within a sustainable fiscal framework. Progress under the Public Expenditure Management Strengthening Program is essential to strengthen fiscal management. The country’s high debt burden requires prudent debt management.
Download or read book Lao People s Democratic Republic written by International Monetary Fund and published by International Monetary Fund. This book was released on 2005-01-12 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: The staff report for the 2004 Article IV Consultation on Lao People’s Democratic Republic (PDR) highlights economic developments and policies. Lao PDR’s recent macroeconomic performance has been relatively encouraging. Although some headway has been made in reforming the state banks and state-owned enterprises, progress in mobilizing revenues and strengthening expenditure management has been slow, owing to capacity constraints and difficulty in advancing reforms in a decentralized fiscal structure. IMF staff encouraged the authorities to maintain progress in restructuring the two state banks, as both banks remain vulnerable.
Download or read book Lao People s Democratic Republic written by International Monetary Fund and published by International Monetary Fund. This book was released on 2009-09-11 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: Lao People’s Democratic Republic’s growth is expected to moderate but remain fairly robust, supported by large projects in train, strong mineral exports, and expansionary policies. The staff report for the Lao People’s Democratic Republic’s 2009 Article IV Consultation highlights economic developments and policies. The largest impact has been on the mining sector, but delays in hydropower projects are also evident. Inflation is expected to remain low and stable, assuming no significant pickup in commodity prices. However, overly expansionary fiscal and credit policies pose a risk to macroeconomic stability.
Download or read book Lao People s Democratic Republic written by International Monetary Fund and published by International Monetary Fund. This book was released on 2002-03-18 with total page 93 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines Lao People’s Democratic Republic’s 2001 Article IV Consultation and Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF). Over the past 18 months, the Lao authorities have acted decisively to reduce inflation from triple- to single-digit levels. Monetary and fiscal policies were tightened along the lines recommended in the 1999 Article IV Consultation. With these positive results, the authorities have now requested a new three-year PRGF arrangement to solidify macroeconomic stabilization and restart structural reform.
Download or read book Lao People s Democratic Republic written by International Monetary Fund and published by International Monetary Fund. This book was released on 2002-10-07 with total page 101 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines Lao People’s Democratic Republic’s (Lao PDR) 2002 Article IV Consultation, Second Review Under the Poverty Reduction and Growth Facility (PRGF), and a Request for Waiver of Performance Criteria. Over the past 15 months, Lao PDR has made substantial progress under the PRGF-supported program. Program implementation has been effective, and the program remains broadly on track. All quantitative performance criteria were met except for the net domestic assets of the state commercial banks. On the macroeconomic side, the program for 2002–03 consolidates stabilization efforts.
Download or read book Lao People s Democratic Republic written by Fondo Monetario Internacional and published by . This book was released on 2002 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt:
