Lao People’s Democratic Republic: Staff Report for the 2004 Article IV Consultation

January 12, 2005

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Lao People’s Democratic Republic: Staff Report for the 2004 Article IV Consultation, (USA: International Monetary Fund, 2005) accessed November 15, 2024

Summary

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.

Subject: Banking, Budget planning and preparation, Debt service, External debt, Public debt, Public financial management (PFM)

Keywords: Authorities' intervention, Budget planning and preparation, CR, Debt service, Global, Government, Government commitment, Headline inflation, ISCR, Lao authorities, Lao P.D.R, Poverty eradication program, Revenue

Publication Details

Pages:

65
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/008
Stock No:

1LAOEA2005001
ISBN:

9781451822533
ISSN:

1934-7685

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