Lao People's Democratic Republic: Recent Economic Developments

September 15, 1998

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Lao People's Democratic Republic: Recent Economic Developments, (USA: International Monetary Fund, 1998) accessed November 29, 2024

Summary

This paper describes economic developments in Lao People’s Democratic Republic (PDR) during the 1990s. Economic reforms in Lao PDR that started in 1986 were supported by IMF arrangements in 1989–97. During those years, the economy grew annually at 5 percent to 8 percent and through prudent macroeconomic policies, the government managed to achieve broadly stable macroeconomic conditions. Meanwhile, structural reforms took shape, so that market processes are now at work in most segments of the economy. However, in 1997, economic conditions deteriorated and progress in structural reform slowed significantly.

Subject: Agroindustries, Banking, Commercial banks, Credit, Economic sectors, Exports, Financial institutions, Imports, International trade, Monetary base, Money

Keywords: Agroindustries, Balance of payments, Banking system, Broad money, Capital goods, Commercial bank, Commercial banks, CR, Developments in the balance of payments, East Asia, Exports, Global, Government of the Lao People's Democratic Republic, IMF UR, Imports, ISCR, Lao authorities, Lao authority, Lao aviation, Lao embassy, Lao investor, Monetary base, Narrow money, Recent Developments, Thai baht, U.S. dollar

Publication Details

Pages:

72
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1998/077
Stock No:

1LAOEA0011998
ISBN:

9781451822410
ISSN:

1934-7685

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