Lao People’s Democratic Republic: Selected Issues and Statistical Appendix

Author: International Monetary Fund

Volume/Issue: Volume 2006 Issue 398

Publication date: November 2006

ISBN: 9781451822557

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Topics covered in this book

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Banks and Banking , Money and Monetary Policy , Public Finance , Taxation - General , ISCR , CR , revenue , SCBs , bank , tax , government , revenue target , bank supervision , restructuring program , revenue effort , collection power , Lao P , D , R , authorities , Commercial banks , Nonperforming loans , Credit , Tax administration core functions

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Summary

Progress in fiscal reforms, especially with regard to revenue mobilization, will require a broader reform of center-province fiscal relations in Lao People’s Democratic Republic. There are challenges ahead to restructure the state-owned commercial banks (SCB) and strengthen the banking system. Corporate governance of SCBs is still weak, hampered by the absence of a fully independent board of directors. The international advisors should continue to play an important role in the bank restructuring process. The note presents statistical data on economic indices of Lao People's Democratic Republic.