Lao People's Democratic Republic: Staff Report and Public Information Notice

February 7, 2011

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Lao People's Democratic Republic: Staff Report and Public Information Notice, (USA: International Monetary Fund, 2011) accessed November 27, 2024

Summary

Recent economic development and outlook of Lao are discussed in this study. However, the economy continued to exceed its macroeconomic speed limit in 2009, putting pressure on the balance of payments. The outlook for GDP growth in 2010 is favorable and inflation is likely to remain moderate. Discussions centered on policies required to maintain near-term macroeconomic stability and stem the decline in net foreign assets (NFA) of the banking system. IMF staff noted that the overall fiscal deficit should be put on a medium-term consolidation path.

Subject: Banking, Commercial banks, Credit, Debt sustainability analysis, External debt, Financial institutions, Money, Public debt

Keywords: Asia and Pacific, Commercial banks, CR, Credit, Credit growth, Debt, Debt service, Debt sustainability analysis, Deficit, East Asia, Foreign currency, Global, ISCR, Lao P.D.R. authorities, Lao PDR, Long position, U.S. dollar

Publication Details

Pages:

57
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2011/044
Stock No:

1LAOEA2011001
ISBN:

9781455216666
ISSN:

1934-7685

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