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This paper on the Poverty Reduction Strategy Papers (PRSPs) on the Lao People’s Democratic Republic (PDR) explains macroeconomic, structural, and social policies in support of growth and poverty reduction, as well as associated external financing needs and major sources of financing. The Lao PDR’s long-term national development goal is to be achieved through sustained equitable economic growth and social development, while safeguarding the country’s social, cultural, economic, and political identity. The government’s sustained effort to eradicate poverty will become a mass mobilization exercise, empowering local communities and providing a coherent framework for mutually supportive actions by all stakeholders.

Poverty --- Destitution --- Wealth --- Basic needs --- Begging --- Poor --- Subsistence economy --- Laos --- Lao People's Democratic Republic --- Sathalanalat Paxathipatai Paxaxôn Lao --- People's Democratic Republic of Laos --- République démocratique populaire Lao --- Lao PDR --- Lao-Issara --- Laosskai︠a︡ Narodno-Demokraticheskai︠a︡ Respublika --- Sāthālanalat Pasāthipatai Pasāson Lāo --- Phrarātsaʻānāchak Lāo --- LNDR --- Lanxang --- Lan Xang --- Lan Sang --- Lan Chang --- ʻĀnāchak Lāo --- RDP lao --- Sō̜. Pō̜. Pō̜. Lāo --- Sō̜pō̜pō̜ Lāo --- Lao P.D.R. --- Saathiaranarath Prachhathipatay Prachhachhon Lao --- Cộng hòa dân chủ nhân dân Lào --- Royaume du Laos --- French Indochina --- Economic conditions. --- Economic policy. --- RDP Lao --- Social Services and Welfare --- Demography --- Poverty and Homelessness --- Education: General --- Health: General --- Welfare, Well-Being, and Poverty: General --- Government Policy --- Provision and Effects of Welfare Program --- Demographic Economics: General --- Education --- Health economics --- Poverty & precarity --- Social welfare & social services --- Population & demography --- Health --- Poverty reduction --- Population and demographics --- Population

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The staff report for the 2007 Article IV Consultation on the Lao People’s Democratic Republic (PDR) explains economic performance. Growth is robust and increasingly reliant on large export-oriented mining and hydropower projects. The economic outlook is promising, but the outcome clearly depends on the government’s policy response to the emerging resource bonanza. The current fiscal regimes for the resource sector have several sound features, but some improvements are needed to align them to best international practices.

Fiscal policy --- Monetary policy --- Monetary management --- Economic policy --- Currency boards --- Money supply --- Tax policy --- Taxation --- Finance, Public --- Government policy --- International Monetary Fund --- Internationaal monetair fonds --- International monetary fund --- Laos --- Lao People's Democratic Republic --- Sathalanalat Paxathipatai Paxaxôn Lao --- People's Democratic Republic of Laos --- République démocratique populaire Lao --- Lao PDR --- Lao-Issara --- Laosskai︠a︡ Narodno-Demokraticheskai︠a︡ Respublika --- Sāthālanalat Pasāthipatai Pasāson Lāo --- Phrarātsaʻānāchak Lāo --- LNDR --- Lanxang --- Lan Xang --- Lan Sang --- Lan Chang --- ʻĀnāchak Lāo --- RDP lao --- Sō̜. Pō̜. Pō̜. Lāo --- Sō̜pō̜pō̜ Lāo --- Lao P.D.R. --- Saathiaranarath Prachhathipatay Prachhachhon Lao --- Cộng hòa dân chủ nhân dân Lào --- Royaume du Laos --- French Indochina --- Economic policy. --- RDP Lao --- Banks and Banking --- Exports and Imports --- Foreign Exchange --- Macroeconomics --- Public Finance --- International Lending and Debt Problems --- Debt --- Debt Management --- Sovereign Debt --- Trade: General --- National Government Expenditures and Related Policies: General --- International economics --- Public finance & taxation --- Currency --- Foreign exchange --- Banking --- Public debt --- External debt --- Expenditure --- Export performance --- Exchange rates --- International trade --- Debts, External --- Debts, Public --- Exports --- Expenditures, Public

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The economic growth of Lao P.D.R. was buoyed by mining and hydropower sectors, garment exports, non-regional tourism, and FDI inflows following the recovery from the global economic crisis. The Bank of Lao P.D.R. (BoL) also raised its overdraft lending rate. Net domestic assets of the BoL continued to expand rapidly net injections of liquidity into the banking system, and an expansion of other assets. Medium-term economic prospects, macroeconomic and financial policies, accelerated structural reforms to diversify the economy, improve the business climate, and foster trade.

Economic indicators --- Debts, Public --- Debts, External --- Debts, Foreign --- Debts, International --- External debts --- Foreign debts --- International debts --- Debt --- International finance --- Investments, Foreign --- Debts, Government --- Government debts --- National debts --- Public debt --- Public debts --- Sovereign debt --- Bonds --- Deficit financing --- Business indicators --- Indicators, Business --- Indicators, Economic --- Leading indicators --- Economic history --- Quality of life --- Economic forecasting --- Index numbers (Economics) --- Social indicators --- Laos --- Lao People's Democratic Republic --- Sathalanalat Paxathipatai Paxaxôn Lao --- People's Democratic Republic of Laos --- République démocratique populaire Lao --- Lao PDR --- Lao-Issara --- Laosskai︠a︡ Narodno-Demokraticheskai︠a︡ Respublika --- Sāthālanalat Pasāthipatai Pasāson Lāo --- Phrarātsaʻānāchak Lāo --- LNDR --- Lanxang --- Lan Xang --- Lan Sang --- Lan Chang --- ʻĀnāchak Lāo --- RDP lao --- Sō̜. Pō̜. Pō̜. Lāo --- Sō̜pō̜pō̜ Lāo --- Lao P.D.R. --- Saathiaranarath Prachhathipatay Prachhachhon Lao --- Cộng hòa dân chủ nhân dân Lào --- Royaume du Laos --- French Indochina --- Economic conditions. --- Economic policy. --- RDP Lao --- Banks and Banking --- Exports and Imports --- Public Finance --- Statistics --- Natural Resource Extraction --- International Lending and Debt Problems --- Industry Studies: Primary Products and Construction: General --- Debt Management --- Sovereign Debt --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Data Collection and Data Estimation Methodology --- Computer Programs: Other --- Fiscal Policy --- International economics --- Extractive industries --- Public finance & taxation --- Banking --- Macroeconomics --- External debt --- Mining sector --- Debt sustainability analysis --- Commercial banks --- Economic sectors --- Financial institutions --- Mineral industries --- Banks and banking --- Finance --- Fiscal policy

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This 2014 Article IV Consultation highlights that the real GDP growth of Lao People’s Democratic Republic is expected to moderate from 8 percent in 2013 to 7.5 percent in 2014. Domestic activity has slowed, and credit growth has declined from excessive levels. Inflation has declined to 3 percent from 6.5 percent at end-2013, largely owing to weaker food and fuel price momentum. To address vulnerabilities, Executive Directors have emphasized the need for continued fiscal consolidation, greater exchange rate flexibility, tighter monetary conditions, strengthened financial supervision, and improved bank resolution and crisis prevention frameworks.

Economic development --- Fiscal policy --- Monetary policy --- Monetary management --- Economic policy --- Currency boards --- Money supply --- Tax policy --- Taxation --- Finance, Public --- Development, Economic --- Economic growth --- Growth, Economic --- Economics --- Statics and dynamics (Social sciences) --- Development economics --- Resource curse --- Government policy --- International Monetary Fund --- Internationaal monetair fonds --- International monetary fund --- Laos --- Lao People's Democratic Republic --- Sathalanalat Paxathipatai Paxaxôn Lao --- People's Democratic Republic of Laos --- République démocratique populaire Lao --- Lao PDR --- Lao-Issara --- Laosskai︠a︡ Narodno-Demokraticheskai︠a︡ Respublika --- Sāthālanalat Pasāthipatai Pasāson Lāo --- Phrarātsaʻānāchak Lāo --- LNDR --- Lanxang --- Lan Xang --- Lan Sang --- Lan Chang --- ʻĀnāchak Lāo --- RDP lao --- Sō̜. Pō̜. Pō̜. Lāo --- Sō̜pō̜pō̜ Lāo --- Lao P.D.R. --- Saathiaranarath Prachhathipatay Prachhachhon Lao --- Cộng hòa dân chủ nhân dân Lào --- Royaume du Laos --- French Indochina --- Economic conditions. --- RDP Lao --- Banks and Banking --- Exports and Imports --- Foreign Exchange --- Public Finance --- Statistics --- International Lending and Debt Problems --- Debt --- Debt Management --- Sovereign Debt --- Data Collection and Data Estimation Methodology --- Computer Programs: Other --- General Aggregative Models: General --- International economics --- Public finance & taxation --- Econometrics & economic statistics --- Macroeconomics --- Banking --- Currency --- Foreign exchange --- Public debt --- External debt --- Debt sustainability --- Exchange rates --- Debt sustainability analysis --- Government finance statistics --- Economic and financial statistics --- Debts, External --- Debts, Public --- Finance --- National income --- Economic statistics

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Against the backdrop of generally sound policies and abundant natural resources, Lao P.D.R. has made impressive progress in developing its economy and reducing poverty. The key challenge going forward is to ensure that economic policy frameworks stay ahead of the curve to achieve sustainable and broad-based growth.

Monetary policy --- Monetary management --- Economic policy --- Currency boards --- Money supply --- Laos --- Lao People's Democratic Republic --- Sathalanalat Paxathipatai Paxaxôn Lao --- People's Democratic Republic of Laos --- République démocratique populaire Lao --- Lao PDR --- Lao-Issara --- Laosskai︠a︡ Narodno-Demokraticheskai︠a︡ Respublika --- Sāthālanalat Pasāthipatai Pasāson Lāo --- Phrarātsaʻānāchak Lāo --- LNDR --- Lanxang --- Lan Xang --- Lan Sang --- Lan Chang --- ʻĀnāchak Lāo --- RDP lao --- Sō̜. Pō̜. Pō̜. Lāo --- Sō̜pō̜pō̜ Lāo --- Lao P.D.R. --- Saathiaranarath Prachhathipatay Prachhachhon Lao --- Cộng hòa dân chủ nhân dân Lào --- Royaume du Laos --- French Indochina --- Economic conditions. --- Economic development --- Debts, External --- Debts, Public --- Debts, Foreign --- Debts, International --- External debts --- Foreign debts --- International debts --- Debt --- International finance --- Investments, Foreign --- Debts, Government --- Government debts --- National debts --- Public debt --- Public debts --- Sovereign debt --- Bonds --- Deficit financing --- Development, Economic --- Economic growth --- Growth, Economic --- Economics --- Statics and dynamics (Social sciences) --- Development economics --- Resource curse --- International Monetary Fund --- Internationaal monetair fonds --- International monetary fund --- E-books --- RDP Lao --- Banks and Banking --- Exports and Imports --- Macroeconomics --- Public Finance --- Statistics --- Money and Monetary Policy --- International Lending and Debt Problems --- Debt Management --- Sovereign Debt --- General Aggregative Models: General --- Monetary Policy --- Data Collection and Data Estimation Methodology --- Computer Programs: Other --- Monetary Policy, Central Banking, and the Supply of Money and Credit: General --- International economics --- Public finance & taxation --- Econometrics & economic statistics --- Financial services law & regulation --- External debt --- Public and publicly-guaranteed external debt --- Debt sustainability --- Debt sustainability analysis --- National income --- Foreign exchange reserves --- Foreign exchange --- Credit