The Lao People's Democratic Republic: Systemic Transformation and Adjustment

May 28, 1996

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Format: Chicago

Ichiro Otani, and Chi D Pham. The Lao People's Democratic Republic: Systemic Transformation and Adjustment, (USA: International Monetary Fund, 1996) accessed September 21, 2024

Summary

Faced with a steadily worsening economy, the government of the Lao Peoples Democratic Republic took its first steps toward reforming its centrally planned economy in December 1979. The reform process gathered momentum with the introduction of the New Economic Mechanism in 1985, as the authorities began a series of far-reaching policy reforms in virtually all economic areas. This paper provides a much-needed overview of the Lao P.D.R.'s experience with systemic transformation and macroeconomic adjustments in recent years and highlights challenges that the country is likely to face in the coming years.

Subject: Balance of payments, Banking, Commercial banks, Credit, Economic sectors, Exports, Financial institutions, Foreign direct investment, Foreign exchange, Imports, International trade, Money, Privatization

Keywords: Asia and Pacific, Commercial banks, Credit, East Asia, Eastern Europe, Enterprise, Enterprise Name, Exports, Foreign direct investment, Government, Imports, Lao authorities, Lao authority, Lao government, Managed enterprise, Mekong, OP, Privatization, Profit tax, State budget Law, State enterprise, Trade

Publication Details

Pages:

77
Volume:

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DOI:

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Issue:

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Series:

Occasional Paper No. 1996/003
Stock No:

S137EA0000000
ISBN:

9781557755605
ISSN:

0251-6365

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