Cover The Lao People's Democratic Republic
The Lao People's Democratic Republic
Systemic Transformation and Adjustment
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Abstract

Faced with a steadily worsening economy, the government of the Lao Peoples Democratic Republic took its first steps toward reforming its centrally planned economy in December 1979. The reform process gathered momentum with the introduction of the New Economic Mechanism in 1985, as the authorities began a series of far-reaching policy reforms in virtually all economic areas. This paper provides a much-needed overview of the Lao P.D.R.'s experience with systemic transformation and macroeconomic adjustments in recent years and highlights challenges that the country is likely to face in the coming years.

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Author:
Mr. Ichiro Otani
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and
Mr. Chi D Pham
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Series:
Occasional Papers
Publisher:
International Monetary Fund
Language:
English
Publication Date:
28 May 1996
DOI:
https://doi.org/10.5089/9781557755605.084
ISBN:
9781557755605
ISSN:
0251-6365
Pages:
77
Keywords:
OP; government; enterprise; Lao government; Lao authorities; trade; profit tax; state enterprise; State budget Law; Commercial banks; Foreign direct investment; Privatization; Exports; Credit; Mekong; Asia and Pacific; Eastern Europe; East Asia; enterprise Name; managed enterprise; Lao authority; Imports
Legal-disclaimer:
The views expressed in this book are those of the authors and should not be reported as or attributed to the International Monetary Fund, its Executive Board, or the governments of any of its member countries.
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