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

Bibliographic information

Publisher

World Bank, Vientiane

Other Subjects

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

Language

English

Format

application/pdf, text/plain

License

CC BY 3.0 IGO, http://creativecommons.org/licenses/by/3.0/igo/, World Bank

In AGRIS since: 2024-10-18

Modification date: 2025-10-25

Format: Dublin Core

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DOI https://hdl.handle.net/10986/13811

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Lao PDR Economic Monitor : November 2008

2008

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Bibliographic information