Lao PDR should Maintain Tight Monetary Policy and Strengthen Debt Management to Restore Macroeconomic Stability
Lao PDR’s economic growth is projected to pick up to 4.5 percent in 2024 from 4.2 percent in 2023.
ASEAN+3 Policymakers Should Rebuild Policy Space and Address Long-term Challenges Amid Positive Outlook
The ASEAN region is expected to benefit from a combination of these favorable factors, with growth in 2024 and 2025 forecast at 4.8 and 4.9 percent, respectively while growth in the Plus-3 region is expected to remain robust at 4.3 and 4.1 percent, respectively.
Challenges for Laos in its Adoption of International Financial Regulatory and Accounting Standards
The Bank of the Lao PDR (BOL) has long set its sights on modernizing the Laos banking sector.
Lao PDR’s Electricity Sector: Risk or Opportunity?
Lao PDR has exported electricity to neighboring economies, earning the title of the “Battery of Southeast Asia” in recent years. However, the construction of power plants has resulted in higher external debt, putting pressure on the economy’s macro-financial stability.
AMRO’s 2023 Annual Consultation Report on Lao PDR
Lao PDR’s economic growth is projected to accelerate to 4.8 percent in 2023 from 4.4 percent in 2022, bolstered by the service sector.
Lao PDR: Stricter Fiscal Management and Tighter Monetary Policy Necessary for Stable, Sustainable Growth
The Lao PDR’s economy is expected to maintain its recovery from the COVID-19-pandemic in 2023. However, currency depreciation and surging inflation are challenges to sustaining the economic recovery.
Lao PDR: Enhanced Fiscal and Monetary Discipline Essential for Continued Recovery with Macro-financial Stability
The Lao PDR’s economy is expected to maintain its recovery from the COVID-19 pandemic in 2023. However, currency depreciation and surging inflation are challenges to sustaining the economic recovery.
Railways Help Landlocked Laos Embark a Journey Beyond Borders
Lao PDR is transforming. The country took a giant step toward becoming a regional transportation hub when the Laos-China Railway became operational on December 3, 2021.
Progress and Challenges of Lao’s Tax Reform
Given rising government debt and continuing development needs, tax collection is essential for the Lao government to support economic progress while improving fiscal sustainability.
Strengthening Customs System can Boost Government Revenue in Lao PDR
Amid continuing economic uncertainty in the region and globally, Lao PDR’s economy also has to deal with high inflation, growing government debt, deteriorating asset quality and limited fiscal space.