IMF Staff Country Reports

Lao People’s Democratic Republic: 2005 Article IV Consultation—Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Lao People’s Democratic Republic

Publication Date:

November 7, 2006

Electronic Access:

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

Summary:

The macroeconomic performance for Lao People’s Democratic Republic is encouraging, but underlying fragilities remain. Progress needs to be made on structural reforms. On the fiscal side, the immediate challenge is to avoid an unsustainable expansion of spending. The medium-term priority is to mobilize revenues to enable Lao People’s Democratic Republic to meet its development needs, within a sustainable fiscal framework. Progress under the Public Expenditure Management Strengthening Program is essential to strengthen fiscal management. The country’s high debt burden requires prudent debt management.

Series:

Country Report No. 2006/399

Subject:

Budget planning and preparation Commercial banks Financial institutions Public debt Public financial management (PFM) State-owned banks

Frequency:

Biannually