Lao People's Democratic Republic: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Lao People's Democratic Republic

Lao People's Democratic Republic: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Lao People's Democratic Republic
Volume/Issue: Volume 2024 Issue 319
Publication date: November 2024
ISBN: 9798400293283
$20.00
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Topics covered in this book

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Exports and Imports , Inflation , Public Finance , External sector statistics , Exchange rates , Inflation , Debt sustainability , Public and publicly-guaranteed external debt , Debt sustainability analysis , Exchange rate devaluation , Debt service

Summary

Growth gathered momentum in 2023 on the back of recovering external demand, but exchange rate depreciation continues and inflation remains persistently high. Labor and FX shortages are intensifying. Public debt is assessed to be unsustainable, despite a tight fiscal stance. FX reserves remain low.