IMF Staff Country Reports

Lao People’s Democratic Republic: Staff Report for the 2004 Article IV Consultation

Publication Date:

January 12, 2005

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

The staff report for the 2004 Article IV Consultation on Lao People’s Democratic Republic (PDR) highlights economic developments and policies. Lao PDR’s recent macroeconomic performance has been relatively encouraging. Although some headway has been made in reforming the state banks and state-owned enterprises, progress in mobilizing revenues and strengthening expenditure management has been slow, owing to capacity constraints and difficulty in advancing reforms in a decentralized fiscal structure. IMF staff encouraged the authorities to maintain progress in restructuring the two state banks, as both banks remain vulnerable.

Series:

Country Report No. 2005/008

Subject:

Banking Budget planning and preparation Debt service External debt Public debt Public financial management (PFM)