Lao People's Democratic Republic: Recent Economic Developments

International Monetary Fund

No 1997/068, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper reviews economic developments in Lao People’s Democratic Republic during 1996. The paper notes that real GDP growth of nearly 7 percent was readied despite disappointing growth in the agricultural sector in the aftermath of the floods. It highlights that the significant reduction in inflation in 1996 was brought about despite significant hikes in food prices as a result of those floods. The paper also indicates how the 1995/96 budget contributed to the financial tightening needed after the 1995 surge in inflation.

Keywords: ISCR; CR; foreign currency; monetary policy; banking system; central bank; capital expenditure; exchange rate; broad money; Lao authorities; Thai baht; Commercial banks; Currencies; Dollarization; Bank deposits; Monetary base; Southeast Asia; Global (search for similar items in EconPapers)
Pages: 110
Date: 1997-08-13
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