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

Author: International Monetary Fund. Asia and Pacific Dept

Volume/Issue: Volume 2024 Issue 319

Publication date: November 2024

ISBN: 9798400293283

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Topics covered in this book

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Gender Studies , Exports and Imports , Public Finance , foreign exchange bureau , article IV consultation discussion , USD rate , obtaining FX , reference rate , market-clearing exchange rate , Public and publicly-guaranteed external debt , Debt sustainability analysis , Global , Asia and Pacific

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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.