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Lao People’s Democratic Republic: Third Review under the Poverty Reduction and Growth Facility, and Requests for Waiver of Performance Criterion and Extension of the Arrangement
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2003: Issue 308
Language:
English
Publication Date:
06 Oct 2003
DOI:
https://doi.org/10.5089/9781451822441.002
ISBN:
9781451822441
ISSN:
1934-7685
Pages:
79
Keywords:
ISCR; CR; PRGF; PRGF loan; PRSP preparation status report; Lao P.D.R.; Lao authorities; PRGF arrangement; expenditure control measure; Credit; Poverty reduction strategy; Budget planning and preparation
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Lao People's Democratic Republic (Lao PDR) showed commendable growth owing to its strong macroeconomic performance and structural reforms under the economic program. Executive Directors commended the fiscal performance, bank restructuring, and the private sector developments, and stressed the need to strengthen monetary and exchange rate policies. They welcomed the poverty reduction strategy and emphasized the need to accelerate structural reforms. They agreed that Lao PDR successfully completed the third review under the Poverty Reduction and Growth Facility (PRGF), and approved a waiver and an extension of the PRGF arrangement.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund