IMF Staff Country Reports

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

Publication Date:

March 18, 2002

Electronic Access:

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Summary:

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.

Series:

Country Report No. 2002/062

Subject:

Banking Budget planning and preparation Commercial banks Credit Expenditure Money Poverty Poverty reduction strategy Public financial management (PFM)