Lao People’s Democratic Republic: Third Review under the Poverty Reduction and Growth Facility, and Requests for Waiver of Performance Criterion and Extension of the Arrangement

October 6, 2003

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Format: Chicago

Lao People’s Democratic Republic: Third Review under the Poverty Reduction and Growth Facility, and Requests for Waiver of Performance Criterion and Extension of the Arrangement, (USA: International Monetary Fund, 2003) accessed November 26, 2024

Summary

Lao People's Democratic Republic (Lao PDR) showed commendable growth owing to its strong macroeconomic performance and structural reforms under the economic program. Executive Directors commended the fiscal performance, bank restructuring, and the private sector developments, and stressed the need to strengthen monetary and exchange rate policies. They welcomed the poverty reduction strategy and emphasized the need to accelerate structural reforms. They agreed that Lao PDR successfully completed the third review under the Poverty Reduction and Growth Facility (PRGF), and approved a waiver and an extension of the PRGF arrangement.

Subject: Banking, Budget planning and preparation, Credit, External debt, Money, Poverty, Poverty reduction strategy, Public debt, Public financial management (PFM)

Keywords: Budget planning and preparation, CR, Credit, Expenditure control measure, ISCR, Lao authorities, Lao P.D.R., Poverty reduction strategy, PRGF, PRGF arrangement, PRGF loan, PRSP preparation status report

Publication Details

Pages:

79
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2003/308
Stock No:

1LAOEA0012003
ISBN:

9781451822441
ISSN:

1934-7685

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