Lao People’s Democratic Republic: Staff Report for the 2014 Article IV Consultation

February 26, 2015

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Lao People’s Democratic Republic: Staff Report for the 2014 Article IV Consultation, (USA: International Monetary Fund, 2015) accessed November 21, 2024

Summary

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.

Subject: Debt sustainability, Debt sustainability analysis, Economic and financial statistics, Exchange rates, External debt, Foreign exchange, Government finance statistics, Public debt

Keywords: Authorities effort, Authority, CR, Data collection system, Debt, Debt sustainability, Exchange rates, Global, Government finance statistics, Growth, ISCR, Lao authorities, Mekong, Staff appraisal, State investment law

Publication Details

Pages:

71
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/045
Stock No:

1LAOEA2015001
ISBN:

9781498341752
ISSN:

1934-7685

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