Lao People's Democratic Republic: 2023 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Lao PDR

May 22, 2023

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Lao People's Democratic Republic: 2023 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Lao PDR, (USA: International Monetary Fund, 2023) accessed December 21, 2024

Summary

Marked exchange rate depreciation following the global terms of trade shocks at the start of 2022 year brought high inflation and deteriorating living standards and caused substantial increases in the domestic currency values of public debt and bank liabilities. Nonetheless, growth continued, and the prospect is for a return to steady growth in 2023. But public debt is assessed to be unsustainable, and servicing government debt presents substantial risks to this outlook.

Subject: Debt service, Exchange rates, External debt, Foreign exchange, International organization, Monetary policy, Public debt

Keywords: Asia and Pacific, Debt service, Exchange market pressure, Exchange rates, Global, IMF statistics Department, Lao P.D.R. authorities, Liquidity pressure, National Accounts statistics, Transparency policy

Publication Details

Pages:

114
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2023/171
Stock No:

1LAOEA2023001
ISBN:

9798400241246
ISSN:

1934-7685

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