Lao People's Democratic Republic: 2009 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion
September 11, 2009
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Lao People’s Democratic Republic’s growth is expected to moderate but remain fairly robust, supported by large projects in train, strong mineral exports, and expansionary policies. The staff report for the Lao People’s Democratic Republic’s 2009 Article IV Consultation highlights economic developments and policies. The largest impact has been on the mining sector, but delays in hydropower projects are also evident. Inflation is expected to remain low and stable, assuming no significant pickup in commodity prices. However, overly expansionary fiscal and credit policies pose a risk to macroeconomic stability.
Subject: Commercial banks, Domestic debt, External debt, Financial institutions, Public and publicly-guaranteed external debt, Public debt
Keywords: banking sector, broad money, Commercial banks, CR, current account, debt ratio, deficit, Domestic debt, FDI flow, financing, GDP, GDP deflator, Global, ISCR, Public and publicly-guaranteed external debt, resource current account deficit
Pages:
58
Volume:
2009
DOI:
Issue:
284
Series:
Country Report No. 2009/284
Stock No:
1LAOEA2009001
ISBN:
9781451822649
ISSN:
1934-7685
