Lao People's Democratic Republic: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Lao P.D.R.
IMF Staff Country Reports, August 19, 2011
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- Lao People's Democratic Republic: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Lao P.D.R.
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Bibliographic details
- Published: August 19, 2011
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781463902131.002
Major findings: growth drivers and sectoral performance
- Economic growth was buoyed by mining and hydropower sectors.
- Garment exports contributed to growth.
- Non-regional tourism supported the expansion of the economy.
- FDI inflows increased following the recovery from the global economic crisis.
Monetary and financial conditions
- The Bank of Lao P.D.R. (BoL) raised its overdraft lending rate.
- Net domestic assets of the BoL continued to expand rapidly due to:
- net injections of liquidity into the banking system, and
- an expansion of other assets.
Medium-term prospects and policy priorities
- Medium-term economic prospects were discussed in the context of:
- macroeconomic and financial policies, and
- accelerated structural reforms.
- Policy priorities highlighted include:
- diversify the economy,
- improve the business climate, and
- foster trade.
Subject and keywords (as listed)
- Subjects: Commercial banks, Debt sustainability analysis, Economic sectors, External debt, Financial institutions, Mining sector, Public debt
- Keywords: Asia and Pacific, authority, Commercial banks, CR, debt, Debt sustainability analysis, development agenda, FDI inflow, GDP, Global, inflation remains, ISCR, Lao authorities, Lao authority, Mekong, Mining sector, stabilized exchange rate regime