Cover IMF Staff Country Reports
Lao People's Democratic Republic: Selected Issues and Statistical Appendix
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2005: Issue 009
Language:
English
Publication Date:
12 Jan 2005
DOI:
https://doi.org/10.5089/9781451822540.002
ISBN:
9781451822540
ISSN:
1934-7685
Pages:
69
Keywords:
ISCR; CR; debt burden; SOE debt; stock indicator; GDP deflator; revenue effort; tax revenue; sustainability analysis; U.S. dollar; debt stock indicator; revenue performance; revenue administration; Lao authorities; service-to-revenue ratio; Debt service; Public and publicly-guaranteed external debt; Southeast Asia
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This Selected Issues paper and Statistical Appendix for the Lao People’s Democratic Republic underlies debt sustainability analysis. Sensitivity analysis reveals that if the pace of economic reforms falters, the debt burden—high even in the baseline case—could become unsustainable. The low level of development and the high share of the subsistence agricultural sector limit the revenue collection capacity. Weak technical capacity and highly fragmented revenue administration are the main structural weaknesses affecting revenue performance.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2005: Issue 009