Lao People's Democratic Republic

Lao People's Democratic Republic

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The staff report for the 2007 Article IV Consultation on the Lao Peoplea€™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 governmenta€™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.Data on bank and nonbank financing of the budget, including treasury bill operations, need to be made consistent with the ... Annual budget and outturn data are not disseminated according to an international standard, which complicates fiscal analysis. ... a a€œManual of the Chart of Accountsa€; (v) improvements in the coverage and identification of IMF accounts; (vi) ... are reported weekly and derived from the monetary survey at the prevailing kip per U.S. dollar end-month exchange rate.

Title:Lao People's Democratic Republic
Author:International Monetary Fund
Publisher:International Monetary Fund - 2007-11-07


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