Copyright Page
IMF Country Report No. 21/239
LAO PEOPLE’S DEMOCRATIC REPUBLIC
TECHNICAL ASSISTANCE REPORT-GOVERNMENT FINANCE STATISTICS AND PUBLIC SECTOR DEBT STATISTICS
November 2021
This report on the Lao People’s Democratic Republic was prepared by a staff team of the International Monetary Fund. It is based on the information available at the time it was completed in May 2021.
Copies of this report are available to the public from
International Monetary Fund • Publication Services
PO Box 92780 • Washington, D.C. 20090
Telephone: (202) 623–7430 • Fax: (202) 623–7201
E-mail: publications@imf.org Web: http://www.imf.org
Price: $18.00 per printed copy
International Monetary Fund
Washington, D.C.
© 2021 International Monetary Fund
Title Page
TECHNICAL ASSISTANCE REPORT
LAO PEOPLE’S DEMOCRATIC REPUBLIC
Report on Government Finance Statistics Mission (Remote) (April 19–23, 2021)
Remote CD activity between September 2020 – May 2021
BY TERUHIDE KANADA
BENEFICIARY COUNTRIES
Cambodia, Lao P.D.R., Myanmar, Vietnam, Indonesia, Malaysia, Mongolia, Philippines, and Thailand
PARTNERS
Japan, Bank of Thailand
DISCLAIMER
The contents of this report constitute technical advice provided by the staff of the International Monetary Fund (IMF) to the authorities of Lao P.D.R. (the “TA recipient”) in response to their request for technical assistance. This report (in whole or in part) or summaries thereof may be disclosed by the IMF to IMF Executive Directors and members of their staff, as well as to other agencies or instrumentalities of the TA recipient, and upon their request, to World Bank staff, and other technical assistance providers and donors with legitimate interest unless the TA recipient specifically objects to such disclosure (see
BENEFICIARY COUNTRIES
PARTNERS
Contents
GlossarySUMMARY OF MISSION OUTCOMES AND PRIORITY RECOMMENDATIONS
DETAILED TECHNICAL ASSESSMENT AND RECOMMENDATIONS
A. Updated Action Plan
B. Regular GFS Data Compilation and Timely Data Dissemination to IMF and on the MOF Website
C. Broadening the Institutional Coverage of GFS
D. Compiling Annual GFS for Dissemination in the Official Gazette and on the MOF Website
E. Regular PSDS Compilation FOR Dissemination and Data Collection of Arrears on the Lao Goverment and SOEs
F. Tracing Covid-19 Related Spending Under Annual Budget for FY2021 and FY2022
TABLE
1. Priority Recommendations
APPENDICES
I. A work plan for FY2021-FY2022
II. Achievements in the past remote GFS/PSDS TA
III. Quarterly and Annual GFS for Budgetary Central Government
IV. Annual GFS for Budgetary Central Government
Glossary
| CDOT |
|
| COA | Chart of Accounts |
| DDG | Deputy Director General |
| e-GDDS | Enhanced General Data Dissemination System |
| EFDMD | External Finance and Debt Management Department |
| EPF | Environment Protection Fund |
| FPLD | Fiscal Policy and Law Department |
| GFIS | Government Finance Information System |
| GFS | Government Finance Statistics |
| GFSM 2014 | Government Finance Statistics Manual 2014 |
| JSA | Japan Administered Account |
| LTX | Long-Term Expert |
| MOF | Ministry of Finance |
| MOFA | Ministry of Foreign Affairs |
| MPI | Ministry of Planning and Investment |
| NA | National Assembly |
| NSDP | National Summary Data Page |
| NSSF | National Social Security Fund |
| NTD | National Treasury Department |
| PFM | Public Financial Management |
| PMO | Prime Minister’s Office |
| PRF | Poverty Reduction Fund |
| RBM | Result Based Management |
| PSDS | Public Sector Debt Statistics |
| SOEs | State-Owned Enterprises |
| SOEMD | State-Owned Enterprises Management Department |
| SSF | Social Security Fund |
| STA | IMF’s Statistics Department |
| TA | Technical Assistance |
