Lao PDR Economic Monitor, April 2008
Lao PDR's economic outlook remains favorable, with continued strong growth. Gross domestic product (GDP) growth remained at above 7 percent in 2007. Output expanded in mining, newly emerging processing industries, agriculture, and new construction of hydropower projects, tourism and other servi...
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| Format: | Economic & Sector Work |
| Language: | en_US |
| Published: |
World Bank, Vientiane
2013
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10986/13815 |
| id |
okr-10986-13815 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
en_US |
| topic |
accountability accounting ADB arrears asset base Asset turnover Assets Ratios AUDITING audits Balance of Payments banking reform banking regulation banking sector banking sector assets banking sector reform banking services Banking supervision banking system budget deficit capacity building capacity constraints capacity enhancement Capital Account capital adequacy Capital Expenditures cash payment checks Civil Service collateral collateral registries Commercial Bank Commercial Banks commodities commodity commodity prices Consumer Consumer Goods Consumer Price Index Contract Law contractual savings Contribution contributions coordination failures credit culture credit information credit information bureau credit unions cross subsidization currency currency mismatch Current account current account deficit Current expenditure debt ratios debt service debt servicing debt stock decentralization deficits deposit Deposits Development Bank disbursements dispute resolution Domestic Credit domestic market durable durable goods Economic Development Economic Developments employment Exchange rate exchange rates expenditure export growth exporter exporters External Debt financial infrastructure financial institutions Financial Management Financial ratios Financial sector financial support Financial Sustainability financial system fiscal deficit Fiscal performance Fiscal policy fiscal position foreign banks Foreign Direct Investment Foreign Exchange foreign investment foreign investments foreign investor foreign investors global markets government debt Government Expenditures Government Finance Government ownership Government regulations government revenue Government Revenues government spending Gross Domestic Product holding household businesses housing Human Development Human Resource Inflation inflation rate information technology instrument Insurance Insurance Company intellectual property International banking International Development International Finance International Financial Institutions international trade investment climate investment projects investment requirements JOINT STOCK Company judicial reform justice systems key performance indicators lack of transparency land parcels land policy Land Reform land title land titles land titling laws legal framework legislation level playing field liability loan loan portfolio Local Administration local businesses Low income macroeconomic policies market conditions market entry market structure micro finance Micro-finance microfinance microfinance institutions Monetary Fund monetary policies natural disasters natural resources Non-Performing Loan non-performing loans NPL oil prices payment system Peer Review pension price indices private bank Private banks private financing private investment private investments private investors productivity Profit margin property rights prudential regulations public agencies public debt public debts Public expenditure public finance public finances Public Investment public services real exchange rates recapitalization recurrent expenditures registration system regulatory framework Reserves return Return on asset Return on equity return on investment returns revenue assignments revenue performance revenue sharing rule of law Settlement Share of assets state banks SWAp Tax tax administration tax system taxation technical assistance telecommunications telephone lines Timely payment Total debt trade balance Trading tranche transaction transaction costs transparency transport Treasury trust fund turnover wages water supply water use |
| spellingShingle |
accountability accounting ADB arrears asset base Asset turnover Assets Ratios AUDITING audits Balance of Payments banking reform banking regulation banking sector banking sector assets banking sector reform banking services Banking supervision banking system budget deficit capacity building capacity constraints capacity enhancement Capital Account capital adequacy Capital Expenditures cash payment checks Civil Service collateral collateral registries Commercial Bank Commercial Banks commodities commodity commodity prices Consumer Consumer Goods Consumer Price Index Contract Law contractual savings Contribution contributions coordination failures credit culture credit information credit information bureau credit unions cross subsidization currency currency mismatch Current account current account deficit Current expenditure debt ratios debt service debt servicing debt stock decentralization deficits deposit Deposits Development Bank disbursements dispute resolution Domestic Credit domestic market durable durable goods Economic Development Economic Developments employment Exchange rate exchange rates expenditure export growth exporter exporters External Debt financial infrastructure financial institutions Financial Management Financial ratios Financial sector financial support Financial Sustainability financial system fiscal deficit Fiscal performance Fiscal policy fiscal position foreign banks Foreign Direct Investment Foreign Exchange foreign investment foreign investments foreign investor foreign investors global markets government debt Government Expenditures Government Finance Government ownership Government regulations government revenue Government Revenues government spending Gross Domestic Product holding household businesses housing Human Development Human Resource Inflation inflation rate information technology instrument Insurance Insurance Company intellectual property International banking International Development International Finance International Financial Institutions international trade investment climate investment projects investment requirements JOINT STOCK Company judicial reform justice systems key performance indicators lack of transparency land parcels land policy Land Reform land title land titles land titling laws legal framework legislation level playing field liability loan loan portfolio Local Administration local businesses Low income macroeconomic policies market conditions market entry market structure micro finance Micro-finance microfinance microfinance institutions Monetary Fund monetary policies natural disasters natural resources Non-Performing Loan non-performing loans NPL oil prices payment system Peer Review pension price indices private bank Private banks private financing private investment private investments private investors productivity Profit margin property rights prudential regulations public agencies public debt public debts Public expenditure public finance public finances Public Investment public services real exchange rates recapitalization recurrent expenditures registration system regulatory framework Reserves return Return on asset Return on equity return on investment returns revenue assignments revenue performance revenue sharing rule of law Settlement Share of assets state banks SWAp Tax tax administration tax system taxation technical assistance telecommunications telephone lines Timely payment Total debt trade balance Trading tranche transaction transaction costs transparency transport Treasury trust fund turnover wages water supply water use World Bank Lao PDR Economic Monitor, April 2008 |
| geographic_facet |
East Asia and Pacific Lao People's Democratic Republic |
| description |
Lao PDR's economic outlook remains favorable, with continued strong growth. Gross domestic product (GDP) growth remained at above 7 percent in 2007. Output expanded in mining, newly emerging processing industries, agriculture, and new construction of hydropower projects, tourism and other services. Non-resource sectors contributed over 5 percent to this growth, and the resource sector around 2.5 percent. As Lao PDR is surrounded by some of the fastest growing economies in the world, it has benefited from increased demands for its products and large FDI inflows from neighboring countries, such as China, Vietnam and Thailand. The macroeconomic situation remained fairly stable, but is at risk of rising inflation. After falling to a record low level of 4.5 percent in 2007, overall inflation climbed to 6.4 percent in February 2008. High fuel prices pushed up the costs of transportation for individuals and households, construction (including imported raw materials and other chemical related products), land clearing and agricultural farming (including processing materials). The kip nominal exchange rates appreciated almost by 9 percent against US$ and was steady against the Thai baht during the last six to months from Oct 2007 to Mar 2008. It reports on recent economic performance (Part I), progress in the implementation of the Government's policy reform agenda (Part II), and donor activities in the relevant reform areas (Part III). |
| format |
Economic & Sector Work |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Lao PDR Economic Monitor, April 2008 |
| title_short |
Lao PDR Economic Monitor, April 2008 |
| title_full |
Lao PDR Economic Monitor, April 2008 |
| title_fullStr |
Lao PDR Economic Monitor, April 2008 |
| title_full_unstemmed |
Lao PDR Economic Monitor, April 2008 |
| title_sort |
lao pdr economic monitor, april 2008 |
| publisher |
World Bank, Vientiane |
| publishDate |
2013 |
| url |
http://hdl.handle.net/10986/13815 |
| _version_ |
1764424653143539712 |
| spelling |
okr-10986-138152021-04-23T14:03:10Z Lao PDR Economic Monitor, April 2008 World Bank accountability accounting ADB arrears asset base Asset turnover Assets Ratios AUDITING audits Balance of Payments banking reform banking regulation banking sector banking sector assets banking sector reform banking services Banking supervision banking system budget deficit capacity building capacity constraints capacity enhancement Capital Account capital adequacy Capital Expenditures cash payment checks Civil Service collateral collateral registries Commercial Bank Commercial Banks commodities commodity commodity prices Consumer Consumer Goods Consumer Price Index Contract Law contractual savings Contribution contributions coordination failures credit culture credit information credit information bureau credit unions cross subsidization currency currency mismatch Current account current account deficit Current expenditure debt ratios debt service debt servicing debt stock decentralization deficits deposit Deposits Development Bank disbursements dispute resolution Domestic Credit domestic market durable durable goods Economic Development Economic Developments employment Exchange rate exchange rates expenditure export growth exporter exporters External Debt financial infrastructure financial institutions Financial Management Financial ratios Financial sector financial support Financial Sustainability financial system fiscal deficit Fiscal performance Fiscal policy fiscal position foreign banks Foreign Direct Investment Foreign Exchange foreign investment foreign investments foreign investor foreign investors global markets government debt Government Expenditures Government Finance Government ownership Government regulations government revenue Government Revenues government spending Gross Domestic Product holding household businesses housing Human Development Human Resource Inflation inflation rate information technology instrument Insurance Insurance Company intellectual property International banking International Development International Finance International Financial Institutions international trade investment climate investment projects investment requirements JOINT STOCK Company judicial reform justice systems key performance indicators lack of transparency land parcels land policy Land Reform land title land titles land titling laws legal framework legislation level playing field liability loan loan portfolio Local Administration local businesses Low income macroeconomic policies market conditions market entry market structure micro finance Micro-finance microfinance microfinance institutions Monetary Fund monetary policies natural disasters natural resources Non-Performing Loan non-performing loans NPL oil prices payment system Peer Review pension price indices private bank Private banks private financing private investment private investments private investors productivity Profit margin property rights prudential regulations public agencies public debt public debts Public expenditure public finance public finances Public Investment public services real exchange rates recapitalization recurrent expenditures registration system regulatory framework Reserves return Return on asset Return on equity return on investment returns revenue assignments revenue performance revenue sharing rule of law Settlement Share of assets state banks SWAp Tax tax administration tax system taxation technical assistance telecommunications telephone lines Timely payment Total debt trade balance Trading tranche transaction transaction costs transparency transport Treasury trust fund turnover wages water supply water use Lao PDR's economic outlook remains favorable, with continued strong growth. Gross domestic product (GDP) growth remained at above 7 percent in 2007. Output expanded in mining, newly emerging processing industries, agriculture, and new construction of hydropower projects, tourism and other services. Non-resource sectors contributed over 5 percent to this growth, and the resource sector around 2.5 percent. As Lao PDR is surrounded by some of the fastest growing economies in the world, it has benefited from increased demands for its products and large FDI inflows from neighboring countries, such as China, Vietnam and Thailand. The macroeconomic situation remained fairly stable, but is at risk of rising inflation. After falling to a record low level of 4.5 percent in 2007, overall inflation climbed to 6.4 percent in February 2008. High fuel prices pushed up the costs of transportation for individuals and households, construction (including imported raw materials and other chemical related products), land clearing and agricultural farming (including processing materials). The kip nominal exchange rates appreciated almost by 9 percent against US$ and was steady against the Thai baht during the last six to months from Oct 2007 to Mar 2008. It reports on recent economic performance (Part I), progress in the implementation of the Government's policy reform agenda (Part II), and donor activities in the relevant reform areas (Part III). 2013-06-06T22:29:19Z 2013-06-06T22:29:19Z 2008-04 http://hdl.handle.net/10986/13815 en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Vientiane Economic & Sector Work East Asia and Pacific Lao People's Democratic Republic |