Developing Asia To Extend Steady Growth in 2014

Higher demand from recovering advanced economies will be dampened somewhat by moderating growth in the PRC, says new ADB report. Read More

Small Bite, Big Threat: Vector-Borne Diseases in Asia

On World Health Day 2014, we focus on vector-borne diseases like dengue and malaria that are threatening the lives of millions across Asia and the Pacific. Read the transcript. Read More

Middle-income Trap Holds Back Asia's Potential New Tiger Economies

Moving from a low-cost to a high-value economy requires innovative companies, an improved education system, and government incentives. Read More

Tomorrow's Women Water Leaders in Lao PDR

Scholarships for young women in Lao People's Democratic Republic are helping today's students become tomorrow's women water leaders. Read More

Overview

Robust growth has helped to nearly halve poverty in the Lao People’s Democratic Republic (Lao PDR). Investments in mining and hydropower in recent years have driven much of the growth of the economy. However, the economic transformation continues to pose challenges for the country. Continued structural transformation and economic diversification is needed to expand opportunities, provide jobs for a young population, and for growth to become more inclusive. At the same time, high economic growth will need improved natural resource and environmental management.

ADB's new country partnership strategy, 2012–2016, for Lao PDR is designed to help the government diversify the economy in a sustainable inclusive manner, through operations in agriculture and natural resources, education, energy, water supply and other municipal infrastructure and services, and public sector management.

Fast Facts

6.52 (2012)
Population in millions

2.1% (2010-2012)
Annual population growth rate

27.6% (2008)
Population living below the national poverty line

ADB Lending

Amount ($M) / %
Sector (No. of loans)
207.24 / 11.63
Agriculture (18)
 
92.20 / 5.17
Education (6)
 
788.44 / 44.25
Energy (19)
 
79.00 / 4.43
Finance (6)
 
25.00 / 1.40
Health (2)
 
13.90 / 0.78
Industry and Trade (2)
 
7.50 / 0.42
Public Sector (2)
 
351.70 / 19.74
Transport and ICT (13)
 
196.95 / 11.05
Water Supply (11)
 
20.00 / 1.12
Multisector (1)
 
1,781.93 / 100.00
TOTAL (80)
Cumulative as of 31 December 2012