Technical Assistance To The Lao Peoples Democratic Republic For Preparing The Roads For Rural Development Project

Download or read book Lao People’s Democratic Republic written by International Monetary Fund and published by International Monetary Fund. This book was released on 2003-10-06 with total page 79 pages. Available in PDF, EPUB and Kindle. Book excerpt: Lao People's Democratic Republic (Lao PDR) showed commendable growth owing to its strong macroeconomic performance and structural reforms under the economic program. Executive Directors commended the fiscal performance, bank restructuring, and the private sector developments, and stressed the need to strengthen monetary and exchange rate policies. They welcomed the poverty reduction strategy and emphasized the need to accelerate structural reforms. They agreed that Lao PDR successfully completed the third review under the Poverty Reduction and Growth Facility (PRGF), and approved a waiver and an extension of the PRGF arrangement.