Lao People’s Democratic Republic: 2008 Article IV Consultation: Staff Report; Staff Supplement; Staff Statement; and Public Information Notice on the Executive Board Discussion
October 22, 2008
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This 2008 Article IV Consultation highlights that Lao People’s Democratic Republic’s (PDR) economy has performed well in recent years, owing to generally stable macroeconomic conditions and a rapidly expanding natural resource sector. Real GDP growth has averaged more than 7 percent since 2004. Growth is projected to reach 7½ percent in 2008, driven by similar factors as last year, as well as higher mining output. The medium-term outlook for Lao PDR remains positive, but hinges on sound development of the resource sector and other steps to strengthen competitiveness.
Subject: Banking, External debt, Health, Inflation, Poverty, Poverty reduction strategy, Prices, Public and publicly-guaranteed external debt, Public debt
Keywords: CR, debt, deficit, GDP, GDP deflator, Global, headline inflation, Inflation, inflation pressure, ISCR, Mekong, pass-through price, Poverty reduction strategy, resource sector, Southeast Asia, staff appraisal
Pages:
56
Volume:
2008
DOI:
Issue:
350
Series:
Country Report No. 2008/350
Stock No:
1LAOEA2008005
ISBN:
9781451822632
ISSN:
1934-7685
