European Parliament Library

Lao People’s Democratic Republic :, Staff Report for the 2014 Article IV Consultation

Abstract
This 2014 Article IV Consultation highlights that the real GDP growth of Lao People’s Democratic Republic is expected to moderate from 8 percent in 2013 to 7.5 percent in 2014. Domestic activity has slowed, and credit growth has declined from excessive levels. Inflation has declined to 3 percent from 6.5 percent at end-2013, largely owing to weaker food and fuel price momentum. To address vulnerabilities, Executive Directors have emphasized the need for continued fiscal consolidation, greater exchange rate flexibility, tighter monetary conditions, strengthened financial supervision, and improved bank resolution and crisis prevention frameworks
Table Of Contents
Cover; CONTENTS; CONTEXT; MACROECONOMIC DEVELOPMENTS, OUTLOOK, AND RISKS; POLICY DISCUSSIONS; A. Fiscal Policy; B. Monetary and Exchange Rate Policy; C. Financial Stability Issues; D. Enhancing Competitiveness and Inclusive Growth; STAFF APPRAISAL; BOXES; 1. Poverty Reduction, Inclusive Growth, and Challenges Ahead; 2. External Sector Assessment; 3. Measuring the Exchange Rate Pass-Through to Inflation; 4. Tax System Productivity; FIGURES; 1. Growth is moderating. Inflation is well contained; 2. Fiscal consolidation started; 3. Monetary conditions remain accommodative
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (72 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781498317894

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