Lao People’s Democratic Republic
Lao People’s Democratic Republic

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2008-10-21

Total Pages: 241

ISBN-13: 145182260X

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This paper focuses on Second Poverty Reduction Strategy Paper for Lao People’s Democratic Republic. The economic sectors have undergone significant restructuring. This restructuring has been concentrated on production capacities, quality and efficiency, thus contributing to economic growth and meeting the initial requirements for international integration. The government has also concentrated on the development of agricultural production to reorient the agriculture sector from semisubsistence and subsistence to commercial production to ensure the enhanced supply of raw materials to the processing industries, meeting the growing domestic requirements for agricultural products, and rapidly expanding agricultural exports.

Lao People’s Democratic Republic
Lao People’s Democratic Republic

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2008-10-21

Total Pages: 33

ISBN-13: 1451822618

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This Annual Progress Report (APR) reviews the Poverty Reduction Strategy Paper for Lao People’s Democratic Republic (PDR). Noticeable improvements have also occurred in many economic, social, institutional, and legal development areas. While strengthening the management of the public sector and governance, the GoL is increasing public investment to develop physical and social infrastructure and promote human resources. The promotion of the private sector is receiving greater attention through significant improvements in the business climate and trade facilitation. Macroeconomic indicators are also evolving in a satisfactorily manner.