Lao People’s Democratic Republic: 2008 Article IV Consultation: Staff Report; Staff Supplement; Staff Statement; and Public Information Notice on the Executive Board Discussion

International Monetary Fund

No 2008/350, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2008 Article IV Consultation highlights that Lao People’s Democratic Republic’s (PDR) economy has performed well in recent years, owing to generally stable macroeconomic conditions and a rapidly expanding natural resource sector. Real GDP growth has averaged more than 7 percent since 2004. Growth is projected to reach 7½ percent in 2008, driven by similar factors as last year, as well as higher mining output. The medium-term outlook for Lao PDR remains positive, but hinges on sound development of the resource sector and other steps to strengthen competitiveness.

Keywords: ISCR; CR; GDP; debt; deficit; pass-through price; staff appraisal; headline inflation; inflation pressure; resource sector; GDP deflator; Inflation; Poverty reduction strategy; Global; Mekong; Southeast Asia (search for similar items in EconPapers)
Pages: 56
Date: 2008-10-22
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