Lao People’s Democratic Republic: Staff Report for the 2002 Article IV Consultation and Second Review Under the Poverty Reduction and Growth Facility, and Request for Waiver of Performance Criteria
October 7, 2002
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This paper examines Lao People’s Democratic Republic’s (Lao PDR) 2002 Article IV Consultation, Second Review Under the Poverty Reduction and Growth Facility (PRGF), and a Request for Waiver of Performance Criteria. Over the past 15 months, Lao PDR has made substantial progress under the PRGF-supported program. Program implementation has been effective, and the program remains broadly on track. All quantitative performance criteria were met except for the net domestic assets of the state commercial banks. On the macroeconomic side, the program for 2002–03 consolidates stabilization efforts.
Subject: Banking, Credit, Debt service, Exchange rates, External debt, Foreign exchange, Money, Public debt
Keywords: approval, CR, Credit, Debt service, Exchange rates, Global, IMF from the PRGF arrangement, IMF staff estimate, ISCR, Lao authorities, Lao P.D.R.'s PRGF loan, PRGF loan, review, World Bank's review
Pages:
101
Volume:
2002
DOI:
Issue:
221
Series:
Country Report No. 2002/221
Stock No:
1LAOEA0052002
ISBN:
9781451822526
ISSN:
1934-7685
