IMF Staff Country Reports

Lao People’s Democratic Republic : 2019 Article IV Consultation-Press Release; Staff Report; Statement by the Executive Director for Lao People's Democratic Republic

Author/Editor:

International Monetary Fund. Asia and Pacific Dept

Publication Date:

August 8, 2019

Electronic Access:

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Summary:

After more than a decade of high growth with low inflation, Lao P.D.R. is solidifying its progress towards graduating from the Least Developed Country (LDC) status. However, more than one fifth of the population remains poor, regional disparities are persistent, and recurring natural disasters pose risks for poverty reduction. A large current account deficit, low level of reserves, a high level of debt, managed exchange rate, and a dollarized banking system amplify macro-vulnerabilities. The authorities recognize the current economic challenges and their comprehensive reform programs aim at rebalancing the economy from a resource-based to a more diversified growth model by investing in human development and improving competitiveness.

Series:

Country Report No. 19/267

Subject:

Economic growth Economic indicators External sector Financial and Monetary Sector Financial soundness indicators