Lao PDR Economic Monitor : November 2008

World Bank

Lao PDR Economic Monitor : November 2008

2008

World Bank

The Lao PDR economy continues to grow, but at a relatively slower pace as the impacts of the global financial turmoil are starting to be felt. Real gross domestic product (GDP) growth is expected to slow in 2008 to about 7 percent as result of the impacts of the global financial crisis. GDP growth is also projected to slow to between 5 and 6 percent in 2009. However, growth remains fairly strong and still driven by the ongoing hydropower projects as well as agro processing industries, construction and other services. The resource sector contributes over 2 percent and non-resource sectors another 5 percent to the growth rate in 2008. In addition to domestic consumption, medium-term growth will be sensitive to changes in global commodity prices (mainly metals and agriculture) as well as to demand and investment from neighboring countries (especially Thailand, China and Vietnam). 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).

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AGROVOC Keywords

accounting apr balance of payments capacity building cash flow commercial banks commodities consumers cost recovery debt servicing decentralization deeds developing countries domestic consumption economic development equipment exchange rate expenditure external debt financial institutions fixed assets foreign investment gross domestic product income tax inflation instrument insurance international trade investment funds land reform land titling liquidity market demand microfinance property rights public debt public expenditure public finance public investment real costs risk management rule of law salaries sales savings stakeholders telecommunications wages

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Publisher

World Bank, Vientiane

Other Subjects

Tax treatment; Intellectual property; Micro finance; Financial management; Reserves; Borrowing; Foreign direct investment; Liquidity problems; Underdeveloped financial sector; Exchange rates; Capital goods; Tranche; Recurrent expenditure; Currency mismatch; Audits; Commodity price; Budget deficit; Transaction; Government revenue; Credit culture; Government finance; Budgeting; Banking law; Banking regulation; Responsibilities; International development; Microfinance institutions; Fiscal years; Loan applications; Financial sustainability; Investment programs; Return; Settlement; Banking sector reform; Regulatory framework; Non-performing loans; Telephone lines; Tax policy; Debt sustainability; Land parcels; Current account; Price change; Real exchange rates; Government debt; Tax system; Macroeconomic performance; Registration system; Credit constraints; Recurrent expenditures; Private investments; Foreign direct investments; Credit information; Monetary fund; Prudential regulations; Debt service; Capital expenditure; Investment climate; Tariff system; Rapid growth; Bank accounts; Commodity; Future growth; Consumer price index; Government expenditures; Oil prices; Financial services; Human development; Foreign investors; Consumer; Government expenditure; Average growth; Fiscal performance; Holding; Financial infrastructure; Loan portfolios; Capital investment; Debts; Private banks; Foreign investments; Land policy; Treasury; Fiscal deficit; Fiscal policy; Wage; Loan portfolio; Private investors; Medical care; Purchases; Private sector investment; Credit growth; Joint venture banks; Commodity prices; Foreign currencies; Capacity enhancement; Legal framework; Trust fund; General public; International finance; Justice systems; Checks; Non-performing loan; Government revenues; Debt burden; Institutional capacity; Financial crisis; Purchasing power; Financial information; Tax concessions; Loan; Banking sector; Consumer goods; Current account deficit; Total debt; Calculations; Capital expenditures; Debt stocks; Atms; State banks; International markets; Inflation rate; Npl; Fiscal sustainability; Credits; Land title; Banking sector assets; Contract law; Profit margins; Amount of money; Deposit; Broad money; Liquidity crisis; Currency; Time deposits; Commercial bank; External financing; Judicial reform; Private financing; Macroeconomic policies; Domestic market; Revenue assignments; Banking system; Arrears; Development bank; Swap; Shareholder; International banking; Mobile phone; Cash payment; Price movements; Low income; Dispute resolution; Capacity constraints; Lack of regulation; Application forms; Debt ratios; Capital inflows; Investment activities; Poor credit; Contingency; Price changes; Financial support; Trading; Transparency; Credit unions; Credit information bureau; Liquidity risk; Savings deposits; Economic developments; Revenue performance; Money-market; Fiscal position; Oil price; Monetary policy; Payment system; Present value; Tax; Deposits; Collateral registries; Contribution; Collateral; Salary; Private sector credit

License

http://hdl.handle.net/10986/13811http://creativecommons.org/licenses/by/3.0/World BankCC BY 3.0 Unported

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Lao PDR Economic Monitor : November 2008

2008

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