Lao PDR Economic Monitor, November 2007
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World Bank, Vientiane
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The information presented in the Lao Economic Monitor covers economic developments that have occurred in Lao PDR in the last six months (between May and October 2007). It reports on recent economic performance (Part I), progress in the implementation of the Government's policy reform agenda (Part II), and donor activities in the relevant reform areas (Part III). The report points out that Lao PDR macroeconomic performance continues to be strong, and the impact of resource sector is increasing. Real GDP growth continued to be robust at 7.6 percent in 2006 and is expected to remain above 7 percent in 2007. Manufacturing and other non-resource sectors continued to grow moderately, contributing around 5 percentage points of the above growth. However, other significant part of economic growth was contributed by the resource sectors, especially by the expansion of copper extraction and construction of large hydropower projects.
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Accounting, accounting systems, ADB, agriculture, allocation, annual average rate, auditing, Banking Law, Banking Sector, banking system, Bilateral Trade, budget allocations, budget classification, budget classification system, budget execution, budget management, budget preparation, budget process, Capacity Building, Capital Expenditures, centralization, chart of accounts, Civil Service, commercial banks, competitiveness, Consumer Price Index, data collection, debt, debt management, debt service, debt sustainability, Development Agency, development strategy, dissemination, Domestic savings, DONOR ASSISTANCE, economic growth, economic performance, EIB, electricity, employment, exchange rate, exchange rates, expenditure programs, Exports, external auditors, external audits, external debt, external shocks, Financial Accountability, Financial Management, financial performance, financial restructuring, FINANCIAL SECTOR, financial support, fiscal deficit, fiscal framework, fiscal management, fiscal policy, fiscal years, Foreign Direct Investment, foreign exchange, foreign investment, Free Trade, GDP, GDP per capita, good governance, government budget, Government expenditures, Government Finance, Government Finance Statistics, government policy, Government Revenue, Gross Domestic Product, health sector, human resource management, incidence of poverty, Industrial Development, Infant, Infant mortality, inflation, information systems, Insurance, intergovernmental fiscal relations, International Accounting Standards, international auditing standards, International Banking, International Cooperation, international reserves, labor force, lack of awareness, legislation, Life expectancy, live births, living conditions, local government, macroeconomic framework, MACROECONOMIC SITUATION, macroeconomic stability, management systems, mandates, market economy, MEDIUM TERM EXPENDITURE, MEDIUM TERM EXPENDITURE FRAMEWORK, Medium-Term Expenditure, Medium-Term Expenditure Framework, Millennium Development Goals, Ministry of Education, Ministry of Finance, Ministry of Health, Ministry of Information, monopoly, national planning, national plans, natural resources, Net Present Value, Net profit, operating costs, operational costs, organic Budget Law, per capita income, Performance Assessment, performance monitoring, political support, Poverty Assessment, Poverty Eradication, Poverty Eradication Strategy, Poverty Reduction, Poverty Reduction Strategy, Present value, price controls, Price Index, primary education, private banks, private firms, Private Investment, PRIVATE SECTOR, progress, public, Public Administration, public expenditure, Public Expenditure Management, PUBLIC EXPENDITURE POLICY, Public Expenditure Review, public finance, public finance management, public finances, public financial management, Public Investment, public investment program, PUBLIC SECTOR, Public Sector Accounting, public sector net borrowing, real GDP, recapitalization, reform agenda, reform program, resource management, Revenue Grants, Revenue Performance, revenue sharing, Sanitation, school-age population, sector policies, social development, social indicators, Socioeconomic Development, State Assets, STATE OWNED ENTERPRISES, structural reforms, sustainability analysis, Tax, tax revenue, Technical Assistance, Telecommunications, Total expenditures, total revenue, Trade Barriers, transparency, Transport, treasury, Urban population, valuation, Value Added, vulnerability, Wages, Water Supply, working capital, World Health Organization, World Trade Organization, WTO