Lao People’s Democratic Republic: Technical Assistance Report-Government Finance Statistics and Public Sector Debt Statistics

Lao People’s Democratic Republic: Technical Assistance Report-Government Finance Statistics and Public Sector Debt Statistics
Author: International Monetary
Publisher: International Monetary Fund
Total Pages: 23
Release: 2021-11
Genre: Business & Economics
ISBN: 1589068513

This technical assistance (TA) report on government finance statistics (GFS) covers the remote TA to the Ministry of Finance (MOF) during September 21–October 2 and December 14–18, 2020 and March 9–13 and April 19–23, 2021 (which was extended to May 2021). These peripatetic activities were conducted remotely due to the travel restrictions resulting from the COVID-19 situation. This report documents the main achievements from these activities. These activities were part of the GFS and Public Sector Debt Statistics (PSDS) project funded by the Government of Japan (JSA3) and implemented by the IMF Statistics Department (STA) and the IMF Capacity Development Office in Thailand (CDOT).

Lao PDR

Lao PDR
Author: Asian Development Bank
Publisher: Asian Development Bank
Total Pages: 314
Release: 2017-11-01
Genre: Business & Economics
ISBN: 9292579940

The Lao People's Democratic Republic (Lao PDR) has shown remarkable progress by consistently building itself into a market-oriented economy, with economic growth in 1986-2016 averaging around 6.5% per annum. The rapid and sustained growth brought about changes in the structure of output, but did not alter job composition: resource-based products still dominate in industry, low value-added jobs in services, and 65% of the labor force in agriculture. This country diagnostic study provides comprehensive analysis and identifies promising new drivers of growth which the Lao PDR can develop to diversify its production structure and speed up structural transformation.

Lao People’s Democratic Republic

Lao People’s Democratic Republic
Author: International Monetary Fund. Monetary and Capital Markets Department
Publisher: International Monetary Fund
Total Pages: 25
Release: 2020-06-18
Genre: Business & Economics
ISBN: 1513548018

The Banking Supervision Department (BSD) of the BoL is implementing risk-based supervision (RBS) methods. BoL staff are showing favorable results in understanding and applying RBS, recognizing that they are still in the early stages of capacity development. A new commercial banking law became effective in June 2019. The law incorporates expectations that financial institutions establish appropriate risk management systems and maintain adequate capital and liquidity. The law also gives the BoL purview over the adequacy of risk management in banks.

Lao People’s Democratic Republic

Lao People’s Democratic Republic
Author: International Monetary Fund. Asia and Pacific Dept
Publisher: International Monetary Fund
Total Pages: 79
Release: 2018-03-23
Genre: Business & Economics
ISBN: 1484348567

This 2017 Article IV Consultation highlights that the economy of Lao People’s Democratic Republic continues to perform well, supported by a favorable external environment and strong flows of foreign direct investment from its dynamic neighbors. Growth in 2017 was supported by the expansion of electricity exports, construction activity and financial services, but moderated to 6.8 percent as a result of the prohibition on illegal logging, tighter credit conditions and fewer tourist arrivals. Looking ahead, the outlook is positive, with growth on the order of 7 percent per year. Downside risks stem from high public debt and deficits, pockets of weakness, and high dollarization in the banking sector, and a vulnerable external position with low gross international reserves.

Lao People’s Democratic Republic

Lao People’s Democratic Republic
Author: International Monetary Fund. Statistics Dept.
Publisher: International Monetary Fund
Total Pages: 21
Release: 2022-07-29
Genre: Business & Economics
ISBN:

In consultation with the Ministry of Finance (MOF) of Lao PDR, a virtual technical assistance (TA) mission supported by the IMF’s Asia and Pacific Department (APD) was conducted during October 4–29, 2021, by the IMF Statistics Department (STA) and the Capacity Development Office in Thailand (CDOT). This ongoing peripatetic capacity development mission was delivered virtually by the CDOT-based LTX with staggered remote meetings. The TA mainly worked with the Fiscal Policy and Law Department (FPLD) and the External Finance and Debt Management Department (EFDMD) on compilation of government finance statistics (GFS) and public sector debt statistics (PSDS) in line with international standards, as the agreed work plan with the authorities in the April/May 2021 TA mission.

Lao People’s Democratic Republic: Agriculture, Natural Resources, and Rural Development Sector Assessment, Strategy, and Road Map

Lao People’s Democratic Republic: Agriculture, Natural Resources, and Rural Development Sector Assessment, Strategy, and Road Map
Author: Asian Development Bank
Publisher: Asian Development Bank
Total Pages: 83
Release: 2018-12-01
Genre: Political Science
ISBN: 9292614657

This publication explains the evaluation and strategic investment priorities of the Government of the Lao People's Democratic Republic and the Asian Development Bank (ADB) in the agriculture, natural resources, and rural development sector. It highlights sector performance, priority development constraints, government plans and strategy, other development partner support, and ADB's past experience and future sector strategy. The country partnership strategy of ADB is also discussed and updated as strategic developments and program changes occur. Other background information about the sector for ADB's investment and technical assistance operations are also provided.