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Lao People's Democratic Republic: Staff Report for the 2013 Article IV Consultation

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  • International Monetary Fund

Abstract

This 2013 Article IV Consultation highlights that over the past year, the economy of the Lao People’s Democratic Republic has been overheating from expansionary macroeconomic policies. The fiscal deficit is estimated to have widened to 6½ percent of GDP, mainly fro'm a doubling of public sector employee compensation and higher capital spending. Government liquidity is tight, and wage and other arrears of 2–3 percent of GDP have emerged. Monetary policy has been accommodative, and credit growth remains vigorous. Although medium-term growth prospects remain favorable, based on robust natural resource exports and post-WTO expansion in the nonresource sectors, heightened vulnerabilities have subjected the outlook to considerable uncertainty.

Suggested Citation

  • International Monetary Fund, 2013. "Lao People's Democratic Republic: Staff Report for the 2013 Article IV Consultation," IMF Staff Country Reports 2013/369, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2013/369
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    Cited by:

    1. Dorosh, Paul & Thurlow, James & Kebede, Frehiwot Worku & Ferede, Tadele & Taffesse, Alemayehu Seyoum, 2018. "Structural change and poverty reduction in Ethiopia: Economy-wide analysis of the evolving role of agriculture," ESSP working papers 123, International Food Policy Research Institute (IFPRI).
    2. Logan Cochrane & Yeshtila W. Bekele, 2018. "Contextualizing Narratives of Economic Growth and Navigating Problematic Data: Economic Trends in Ethiopia (1999–2017)," Economies, MDPI, vol. 6(4), pages 1-16, December.
    3. Nicola Limodio & Francesco Strobbe, 2017. "Bank Deposits and Liquidity Regulation: Evidence from Ethiopia," Working Papers 612, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
    4. World Bank Group, 2014. "Lao Development Report 2014 : Expanding Productive Empoloyment for Broad-Based Growth," World Bank Publications - Reports 21555, The World Bank Group.
    5. Limodio,Nicola & Strobbe,Francesco, 2016. "Financial regulation and government revenue : the effects of a policy change in Ethiopia," Policy Research Working Paper Series 7733, The World Bank.

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