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Lao People’s Democratic Republic : 2019 Article IV Consultation
Press Release; Staff Report; Statement by the Executive Director for Lao People's Democratic Republic

Series:Country Report No. 19/267
ISBN 9781513510491
Code: #1LAOEA2019002

Publication year: 2019

Cdn: $25.00; US: $18.00
Paperback
Language: English
101 pages
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After more than a decade of high growth with low inflation, Lao P.D.R. is solidifying its progress towards graduating from the Least Developed Country (LDC) status. However, more than one fifth of the population remains poor, regional disparities are persistent, and recurring natural disasters pose risks for poverty reduction. A large current account deficit, low level of reserves, a high level of debt, managed exchange rate, and a dollarized banking system amplify macro-vulnerabilities. The authorities recognize the current economic challenges and their comprehensive reform programs aim at rebalancing the economy from a resource-based to a more diversified growth model by investing in human development and improving competitiveness.
Lao People’s Democratic Republic : 2019 Article IV Consultation
Cdn: $25.00; US: $18.00
International Monetary Fund (IMF) BookID: 125674 Added: 2019.8.16