Lao People’s Democratic Republic: Staff Report for the 2001 Article IV Consultation and Request for A Three-Year Arrangement Under the Poverty Reduction and Growth Facility
March 18, 2002
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This paper examines Lao People’s Democratic Republic’s 2001 Article IV Consultation and Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF). Over the past 18 months, the Lao authorities have acted decisively to reduce inflation from triple- to single-digit levels. Monetary and fiscal policies were tightened along the lines recommended in the 1999 Article IV Consultation. With these positive results, the authorities have now requested a new three-year PRGF arrangement to solidify macroeconomic stabilization and restart structural reform.
Subject: Banking, Budget planning and preparation, Commercial banks, Credit, Expenditure, Money, Poverty, Poverty reduction strategy, Public financial management (PFM)
Keywords: Budget planning and preparation, CR, Credit, East Asia, Global, government, ISCR, Lao authorities, Poverty reduction strategy, prudent monetary policy, revenue performance, SOCB reform, staff appraisal, state-owned commercial banks
Pages:
93
Volume:
2002
DOI:
Issue:
062
Series:
Country Report No. 2002/062
Stock No:
1LAOEA0022002
ISBN:
9781451822465
ISSN:
1934-7685
