Lao People's Democratic Republic: Recent Economic Developments

August 13, 1997

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Lao People's Democratic Republic: Recent Economic Developments, (USA: International Monetary Fund, 1997) accessed September 18, 2024

Summary

This paper reviews economic developments in Lao People’s Democratic Republic during 1996. The paper notes that real GDP growth of nearly 7 percent was readied despite disappointing growth in the agricultural sector in the aftermath of the floods. It highlights that the significant reduction in inflation in 1996 was brought about despite significant hikes in food prices as a result of those floods. The paper also indicates how the 1995/96 budget contributed to the financial tightening needed after the 1995 surge in inflation.

Subject: Bank deposits, Banking, Commercial banks, Currencies, Dollarization, Financial institutions, Financial services, Monetary base, Monetary policy, Money

Keywords: Bank deposits, Banking system, Broad money, Capital expenditure, Central bank, Commercial banks, CR, Currencies, Dollarization, Exchange rate, Foreign currency, Global, ISCR, Lao authorities, Monetary base, Monetary policy, Southeast Asia, Thai baht

Publication Details

Pages:

110
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1997/068
Stock No:

1LAOEA0011997
ISBN:

9781451822403
ISSN:

1934-7685

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