Lao People's Democratic Republic: Recent Economic Developments

International Monetary Fund

No 1996/054, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper reviews economic developments in Lao People’s Democratic Republic (PDR) during 1992–95. To highlight in more detail the factors that contributed to Lao PDRs macroeconomic performance during 1992–95, the paper analyzes the developments in macroeconomic variables and policy actions. It also notes that real GDP growth, averaging about 7 percent during 1992–95, was attributable to a rapid expansion of manufacturing, construction, and tourism, as well as strong growth in agriculture in 1992 and 1994.

Keywords: ISCR; CR; U.S. dollar; broad money; exchange rate; central bank; foreign direct investment; real GDP; Lao P.D.R.; Lao authorities; banking system; land tax; capital expenditure; Commercial banks; Exports; Agroindustries; Budget planning and preparation; Imports; East Asia (search for similar items in EconPapers)
Pages: 109
Date: 1996-07-08
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