ADB Supports Public-Private Hydropower Project in Lao PDR

ADB is supporting the 290-megawatt Nam Ngiep 1 hydropower project in the Lao People’s Democratic Republic under a public-private partnership arrangement. Read More

A Broader View of Asian Poverty

Food insecurity and economic vulnerability should be included in a broader definition of poverty that could help policymakers develop more effective approaches, says new ADB report. Read More

Southeast Asia's Plans for an Economic Community

ASEAN countries plan to launch a single market for goods, services, capital and labor, potentially one of the largest economies and markets in the world. Read More

GMS Economic Corridors Must Yield More Jobs and Investment

Stakeholders from the six Greater Mekong Subregion countries reviewed achievements in the GMS economic corridors over the last 6 years at a forum in Ha Noi, Viet Nam. Read More

Overview

Mining, hydropower development, and private consumption spending continue to underpin economic growth in the Lao People's Democratic Republic. However, this economic transformation poses challenges for the country. Continued structural transformation and economic diversification is needed to expand opportunities, provide jobs for a young population, and enable inclusive growth. At the same time, high economic growth brings with it the demand for improved good governance and natural resource and environmental management.

ADB assistance has focused on responding to the Lao PDR’s changing development priorities, from an early emphasis on agriculture in the 1980s, to roads and transportation in the 1900s, and education, energy, and regional integration in the 2000s.

Fast Facts

6.66 (2013)
Population in millions

2.2% (2008-2013)
Average annual population growth rate

26.00% (2010)
Population living below the national poverty line

ADB Lending

Amount ($M) / %
Sector (No. of loans)
343.44 / 18.37
Agriculture (24)
 
182.66 / 9.77
Education (10)
 
343.32 / 18.36
Energy (20)
 
79.00 / 4.23
Finance (6)
 
81.00 / 4.33
Health (8)
 
54.28 / 2.90
Industry and Trade (6)
 
20.00 / 1.07
Multisector (1)
 
51.00 / 2.73
Public Sector (7)
 
425.70 / 22.77
Transport and ICT (15)
 
289.03 / 15.46
Water Supply (17)
 
1,869.43 / 100.00
TOTAL (114)
Cumulative as of 31 December 2013