Lao People’s Democratic Republic: 2008 Article IV Consultation: Staff Report; Staff Supplement; Staff Statement; and Public Information Notice on the Executive Board Discussion

October 22, 2008

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Lao People’s Democratic Republic: 2008 Article IV Consultation: Staff Report; Staff Supplement; Staff Statement; and Public Information Notice on the Executive Board Discussion, (USA: International Monetary Fund, 2008) accessed November 21, 2024

Summary

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 7½ 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.

Subject: Banking, External debt, Health, Inflation, Poverty, Poverty reduction strategy, Prices, Public and publicly-guaranteed external debt, Public debt

Keywords: CR, Debt, Deficit, GDP, GDP deflator, Global, Headline inflation, Inflation, Inflation pressure, ISCR, Mekong, Pass-through price, Poverty reduction strategy, Resource sector, Southeast Asia, Staff appraisal

Publication Details

Pages:

56
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2008/350
Stock No:

1LAOEA2008005
ISBN:

9781451822632
ISSN:

1934-7685

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