Lao People's Democratic Republic: Recent Economic Developments

International Monetary Fund

No 1998/077, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper describes economic developments in Lao People’s Democratic Republic (PDR) during the 1990s. Economic reforms in Lao PDR that started in 1986 were supported by IMF arrangements in 1989–97. During those years, the economy grew annually at 5 percent to 8 percent and through prudent macroeconomic policies, the government managed to achieve broadly stable macroeconomic conditions. Meanwhile, structural reforms took shape, so that market processes are now at work in most segments of the economy. However, in 1997, economic conditions deteriorated and progress in structural reform slowed significantly.

Keywords: ISCR; CR; U.S. dollar; Lao authority; commercial bank; banking system; broad money; Lao authorities; Thai baht; balance of payments; Lao embassy; Lao aviation; capital goods; narrow money; Lao investor; Commercial banks; Imports; Agroindustries; Monetary base; Exports; East Asia; Global; Developments in the balance of payments; IMF UR; recent Developments; government of the Lao People's Democratic Republic (search for similar items in EconPapers)
Pages: 72
Date: 1998-09-15
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