Country Economic Memorandum : Realizing the Development Potential of Lao PDR, Volume 2. Main Report

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dc.creatorWorld Bank
dc.date2013-07-23T19:51:04Z
dc.date2013-07-23T19:51:04Z
dc.date2004-12-23
dc.date.accessioned2026-07-01T01:08:19Z
dc.descriptionTo sustain or exceed the 1990s annual average growth rate of 6.3 percent, Lao will need to promote agricultural and manufactured exports, and increase the contribution of natural resources to development. This will require another round of reforms, and supportive public spending. These reforms should seek to create a more enabling environment for the private sector, and for exports, to raise revenue and maintain macroeconomic stability, as well as to improve the transparency, accountability and efficiency of public expenditure management, and public service delivery. To develop natural resources and mineral reserves, Lao will need to attract substantial international and domestic capital to meet the heavy front-end capital costs required to exploit mineral deposits. To bring in that investment, however, requires improvement in governance of the mining sector, particularly in regard to partnerships with the private sector. Looking specifically at growth and poverty reduction, three scenarios for growth - base, base plus and high - show aggregate GDP growth up to 2015, rising roughly by an annual average of 4-5 percent, 5-6 percent, and 6-8 percent respectively. These indicate that this long-term growth will be driven largely by manufacturing (industry) and services, with growth from agriculture though important in the initial years, its contribution declining in the long-term. These growth scenarios depend very much on the pace and depth of reforms the country implements. Additionally, rising government revenues from natural resources alone will not suffice to meet social needs. On current trends, for example, per capita recurrent expenditures in health hardly increase until 2015. The country will need to take additional revenue measures and reallocate expenditures to increase recurrent expenditures on social sectors. To be effective, such revenue and expenditure measures must also be accompanied by efficient improvements in the service delivery mechanisms, i.e., increasing the participation of the poor.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2004/12/5525048/lao-country-economic-memorandum-realizing-development-potential-lao-pdr-vol-2-2-main-report
dc.identifierhttps://hdl.handle.net/10986/14492
dc.identifierhttps://doi.org/10.1596/14492
dc.identifier.urihttp://hdl.handle.net/123456789/415520
dc.languageEnglish
dc.languageen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectACCESS TO SAFE WATER
dc.subjectBANKS
dc.subjectCENTRAL MINISTRIES
dc.subjectCENTRAL PLANNING
dc.subjectCHILD MORTALITY
dc.subjectCLEAN WATER
dc.subjectCLIMATE
dc.subjectCLINICS
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMMUNITY PARTICIPATION
dc.subjectCORRUPTION
dc.subjectDECISION MAKING
dc.subjectDEFORESTATION
dc.subjectDEVELOPMENT INDICATORS
dc.subjectDISABILITY
dc.subjectDISABLED CHILDREN
dc.subjectDISCLOSURE
dc.subjectDRINKING WATER
dc.subjectECONOMIC GROWTH
dc.subjectEDUCATION OUTCOMES
dc.subjectEFFECTIVE USE
dc.subjectEMPIRICAL RESEARCH
dc.subjectENVIRONMENTAL PROBLEM
dc.subjectENVIRONMENTAL RESOURCES
dc.subjectEXPENDITURES
dc.subjectFAMILY PLANNING
dc.subjectFINANCIAL SECTOR
dc.subjectFISCAL DECENTRALIZATION
dc.subjectFORESTRY
dc.subjectGIRLS
dc.subjectGNP
dc.subjectHEALTH CARE
dc.subjectHEALTH CARE SERVICES
dc.subjectHEALTH EDUCATION
dc.subjectHEALTH INDICATORS
dc.subjectHEALTH SERVICES
dc.subjectHEALTH STATUS
dc.subjectHOSPITALS
dc.subjectIMMUNIZATION
dc.subjectINCOME
dc.subjectINFANT MORTALITY
dc.subjectINFLATION
dc.subjectINSTITUTIONAL CAPACITY
dc.subjectLABOR COSTS
dc.subjectLAWS
dc.subjectLIFE EXPECTANCY
dc.subjectLOCAL AUTHORITIES
dc.subjectLOW INCOME
dc.subjectLOW-INCOME COUNTRIES
dc.subjectMACROECONOMICS
dc.subjectMALARIA
dc.subjectMALNUTRITION
dc.subjectMORBIDITY
dc.subjectMORTALITY RATES
dc.subjectNATIONAL INCOME
dc.subjectNATURAL RESOURCES
dc.subjectOIL
dc.subjectPOLITICAL SYSTEM
dc.subjectPOPULATION GROWTH
dc.subjectPOVERTY LINE
dc.subjectPRIVATE SECTOR
dc.subjectPRODUCTIVITY
dc.subjectPRODUCTIVITY GROWTH
dc.subjectPUBLIC EXPENDITURE
dc.subjectPUBLIC EXPENDITURES
dc.subjectPUBLIC HEALTH
dc.subjectPUBLIC SECTOR
dc.subjectPUBLIC SPENDING
dc.subjectPURCHASING POWER
dc.subjectREPRODUCTIVE HEALTH
dc.subjectSAFE WATER
dc.subjectSAFE WATER ACCESS
dc.subjectSCHOOLS
dc.subjectSERVICE DELIVERY
dc.subjectSERVICE PROVIDERS
dc.subjectSOCIALIZATION
dc.subjectSTRUCTURAL ADJUSTMENT
dc.subjectSUSTAINABLE GROWTH
dc.subjectTIMBER
dc.subjectTRANSPARENCY
dc.subjectURBANIZATION
dc.subjectWAGES
dc.titleCountry Economic Memorandum : Realizing the Development Potential of Lao PDR, Volume 2. Main Report

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