Lao People’s Democratic Republic: First Review Under the Poverty Reduction and Growth Facility, and Request for Waiver of Performance Criteria
March 20, 2002
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This paper assesses Lao People’s Democratic Republic’s First Review Under the Poverty Reduction and Growth Facility (PRGF), and a Request for Waiver of Performance Criteria. Performance in the first year of the PRGF arrangement has been generally satisfactory. Fiscal slippages through September 2001, owing to weaknesses in the early implementation of the decentralization initiative, were corrected in the December quarter, thus bringing the fiscal program back on track. For 2001/02, the program aims at GDP growth of at least 5 percent, and inflation at about 6 percent by year-end.
Subject: Banking, Budget planning and preparation, Credit, Exchange rates, Expenditure, Foreign exchange, Money, Public financial management (PFM)
Keywords: Budget planning and preparation, CR, Credit, Exchange rates, government finances, IMF staff representative, installment, ISCR, Lao authorities, restructuring plan, staff appraisal, table
Pages:
81
Volume:
2002
DOI:
Issue:
065
Series:
Country Report No. 2002/065
Stock No:
1LAOEA0032002
ISBN:
9781451822496
ISSN:
1934-7685
