Lao People’s Democratic Republic: 2005 Article IV Consultation—Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Lao People’s Democratic Republic

November 7, 2006

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Lao People’s Democratic Republic: 2005 Article IV Consultation—Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Lao People’s Democratic Republic, (USA: International Monetary Fund, 2006) accessed November 8, 2024

Summary

The macroeconomic performance for Lao People’s Democratic Republic is encouraging, but underlying fragilities remain. Progress needs to be made on structural reforms. On the fiscal side, the immediate challenge is to avoid an unsustainable expansion of spending. The medium-term priority is to mobilize revenues to enable Lao People’s Democratic Republic to meet its development needs, within a sustainable fiscal framework. Progress under the Public Expenditure Management Strengthening Program is essential to strengthen fiscal management. The country’s high debt burden requires prudent debt management.

Subject: Budget planning and preparation, Commercial banks, Financial institutions, Public debt, Public financial management (PFM), State-owned banks

Keywords: Authorities' intervention, Budget planning and preparation, Commercial banks, CR, GDP target, Global, Government, Government of Laos, ISCR, Lao government, Lao P.D.R., Lao PDR authorities, Laotian authorities, Mekong, State-owned banks

Publication Details

Pages:

73
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/399
Stock No:

1LAOEA2006002
ISBN:

9781451822564
ISSN:

1934-7685

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