Lao People’s Democratic Republic: Selected Issues and Statistical Appendix

November 7, 2006

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Lao People’s Democratic Republic: Selected Issues and Statistical Appendix, (USA: International Monetary Fund, 2006) accessed December 22, 2024

Summary

Progress in fiscal reforms, especially with regard to revenue mobilization, will require a broader reform of center-province fiscal relations in Lao People’s Democratic Republic. There are challenges ahead to restructure the state-owned commercial banks (SCB) and strengthen the banking system. Corporate governance of SCBs is still weak, hampered by the absence of a fully independent board of directors. The international advisors should continue to play an important role in the bank restructuring process. The note presents statistical data on economic indices of Lao People's Democratic Republic.

Subject: Banking, Commercial banks, Credit, Expenditure, Financial institutions, Money, Nonperforming loans, Revenue administration, Tax administration core functions

Keywords: Bank, Bank supervision, Collection power, Commercial banks, CR, Credit, Government, ISCR, Lao P.D.R. authorities, Nonperforming loans, Restructuring program, Revenue, Revenue effort, Revenue target, SCBs, Tax, Tax administration core functions

Publication Details

Pages:

54
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/398
Stock No:

1LAOEA2006001
ISBN:

9781451822557
ISSN:

1934-7685

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