Lao People's Democratic Republic: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Lao P.D.R.

August 19, 2011

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Lao People's Democratic Republic: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Lao P.D.R., (USA: International Monetary Fund, 2011) accessed November 24, 2024

Summary

The economic growth of Lao P.D.R. was buoyed by mining and hydropower sectors, garment exports, non-regional tourism, and FDI inflows following the recovery from the global economic crisis. The Bank of Lao P.D.R. (BoL) also raised its overdraft lending rate. Net domestic assets of the BoL continued to expand rapidly net injections of liquidity into the banking system, and an expansion of other assets. Medium-term economic prospects, macroeconomic and financial policies, accelerated structural reforms to diversify the economy, improve the business climate, and foster trade.

Subject: Commercial banks, Debt sustainability analysis, Economic sectors, External debt, Financial institutions, Mining sector, Public debt

Keywords: Asia and Pacific, Authority, Commercial banks, CR, Debt, Debt sustainability analysis, Development agenda, FDI inflow, GDP, Global, Inflation remains, ISCR, Lao authorities, Lao authority, Mekong, Mining sector, Stabilized exchange rate regime

Publication Details

Pages:

60
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2011/257
Stock No:

1LAOEA2011002
ISBN:

9781463902131
ISSN:

1934-7685

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