Lao People's Democratic Republic: Staff Report for the 2013 Article IV Consultation
IMF Staff Country Reports, December 20, 2013
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Bibliographic details
- Published: December 20, 2013
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484319178.002
Macroeconomic overview and outlook
- Over the past year, the economy of the Lao People’s Democratic Republic has been overheating from expansionary macroeconomic policies.
- Although medium-term growth prospects remain favorable, based on robust natural resource exports and post-WTO expansion in the nonresource sectors, heightened vulnerabilities have subjected the outlook to considerable uncertainty.
Fiscal position and public finances
- The fiscal deficit is estimated to have widened to 6½ percent of GDP, mainly from a doubling of public sector employee compensation and higher capital spending.
- Government liquidity is tight.
- Wage and other arrears of 2–3 percent of GDP have emerged.
Monetary and credit conditions
- Monetary policy has been accommodative.
- Credit growth remains vigorous.
Key subjects and statistics
- Pages: 67
- Volume: 2013
- Issue: 369
- Series: Country Report No. 2013/369
- DOI: https://doi.org/10.5089/9781484319178.002
- Stock No: 1LAOEA2013001
- ISBN: 9781484319178
- ISSN: 1934-7685
Thematic coverage (subjects and keywords)
- Subjects: Central banks, Economic and financial statistics, External debt, External sector statistics, Government finance statistics, International reserves, Public debt
- Keywords: Asia and Pacific, CR, data collection system, debt, deficit, East Asia, External sector statistics, foreign currency, GDP, Global, government, Government finance statistics, government liquidity, International reserves, ISCR, Lao authorities, Mekong, South Asia, State investment law
Lao People's Democratic Republic: Staff Report for the 2013 Article IV Consultation, December 20, 2013.