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Lao People's Democratic Republic: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Lao People's Democratic Republic
Author:
International Monetary Fund. Asia and Pacific Dept
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2017: Issue 053
Language:
English
Publication Date:
15 Feb 2017
DOI:
https://doi.org/10.5089/9781475579451.002
ISBN:
9781475579451
ISSN:
1934-7685
Pages:
72
Keywords:
ISCR; CR; sovereign bond; current account; private sector development; debt; Lao authorities; managed float; growth slowdown; Lao P.D.R. authorities; management law; IMF HQ team; Commercial banks; Exchange rates; Government finance statistics; Global; Mekong
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This 2016 Article IV Consultation highlights that the real GDP growth of Lao People’s Democratic Republic is expected to moderate from 7.5 percent in 2015 to 7 percent in 2016. Domestic activity has slowed following a less favorable external environment, and credit growth has also moderated from a high level. As growth continues to moderate in the near-term, inflation is projected to remain in low single digits. The current account deficit is projected to widen to about 19 percent of GDP in 2017 owing to the execution of large infrastructure projects with foreign direct investment.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund