Country Partnership Framework for the Lao People's Democratic Republic for the Period FY2017-FY2021
This document presents the World Bank Group (WBG) Country Partnership Framework (CPF) withthe Lao People's Democratic Republic (Lao PDR) for 2017-2021. The WBG CPF aims at supportingLasting Accessible Opportunities for all including sustained...
| Main Authors: | , , |
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| Format: | Report |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2017
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/381061497445645649/main-report http://hdl.handle.net/10986/27147 |
| Summary: | This document presents the World Bank
Group (WBG) Country Partnership Framework (CPF) withthe Lao
People's Democratic Republic (Lao PDR) for 2017-2021.
The WBG CPF aims at supportingLasting Accessible
Opportunities for all including sustained green growth,
improved access to humanand infrastructure services, and
opportunities for all. The previous Country Partnership
Strategy (CPS)2012-2016 built a solid foundation and a
strong relationship with the Government of Lao PDR (GOL).
The CPF supports the GOL's 8th National Socio-Economic
Development Plan (NSEDP) for2016-2020. The 8th NSEDP
introduces policies intended to put Lao PDR on a path to
reduce povertyand promote shared prosperity in a sustainable
manner, based on green growth principles. Lao
PDR'sdevelopment has advanced greatly in the last two
decades, although significant challenges remain.Incomes have
risen, poverty has declined, access to several key public
services has improved and asa result Lao PDR met a number of
its Millennium Development Goals. With GDP growth averaging8
percent per year since 2000, Lao PDR today is a lower-middle
income country with a GNI percapita of around US$1,740 in
2015. However, growth has been driven mainly by exploitation
of itsabundant natural resources and has been less
inclusive, resilient, and sustainable than for regional
comparators. Widespread malnutrition and overall low
consumption levels highlight the challenges that remain for
the basic well-being of the country. |
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