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231004 ||| eng |
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|a 9798400241246
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| 245 |
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|a Lao People's Democratic Republic
|b 2023 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Lao PDR.
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2023
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| 300 |
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|a 114 pages
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| 651 |
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4 |
|a Lao People's Democratic Republic
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| 653 |
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|a General Aggregative Models: General
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| 653 |
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|a Public debt
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| 653 |
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|a International Organizations
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| 653 |
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|a Debt service
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| 653 |
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|a Public finance & taxation
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| 653 |
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|a Currency; Foreign exchange
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| 653 |
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|a Monetary economics
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| 653 |
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|a International agencies
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| 653 |
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|a Debt Management
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| 653 |
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|a Economic statistics
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| 653 |
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|a Debts, Public
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| 653 |
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|a Computer Programs: Other
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| 653 |
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|a Debt
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| 653 |
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|a Data Collection and Data Estimation Methodology
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| 653 |
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|a Exports and Imports
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| 653 |
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|a International economics
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| 653 |
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|a International Lending and Debt Problems
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| 653 |
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|a Debts, External
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| 653 |
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|a External debt
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| 653 |
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|a International organization
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| 653 |
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|a Sovereign Debt
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| 653 |
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|a Foreign Exchange
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| 653 |
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|a International institutions
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| 653 |
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|a International Economics
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Monetary policy
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| 653 |
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|a Exchange rates
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| 653 |
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|a Econometrics & economic statistics
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| 653 |
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|a Statistics
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| 653 |
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|a Public Finance
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| 653 |
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|a Monetary Policy
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| 653 |
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|a Money and Monetary Policy
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| 653 |
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|a Foreign exchange
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| 653 |
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|a International Agreements and Observance
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| 710 |
2 |
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|a International Monetary Fund
|b Asia and Pacific Dept
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| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
0 |
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|a IMF Staff Country Reports
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| 028 |
5 |
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|a 10.5089/9798400241246.002
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| 856 |
4 |
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|u https://elibrary.imf.org/view/journals/002/2023/171/002.2023.issue-171-en.xml?cid=533636-com-dsp-marc
|x Verlag
|3 Volltext
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|a 330
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| 520 |
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|a This 2023 Article IV Consultation discusses that in Lao People’s Democratic Republic marked exchange rate depreciation following the global terms of trade shocks at the start of 2022 year brought high inflation and deteriorating living standards and caused substantial increases in the domestic currency values of public debt and bank liabilities. The authorities have achieved substantial improvement in the fiscal balance, which will need to continue for an extended period to help restore debt sustainability. Greater reliance on tax revenue mobilization would be better for growth. Persistent expenditure arrears necessitate urgent action on public financial management. Monetary policy should seek to raise retail interest rates through a combination of issuing central bank bonds and raising reserve requirements and the policy rate, to stabilize domestic currency usage and ease pressures on banks. Complementary policies are crucial to facilitate greater private sector employment and growth and boost foreign exchange earnings. Governance should be improved including with greater transparency and consistent implementation of regulations; and tackling corruption concerns remains crucial
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