Lao PDR and ADB
In the Spotlight
The Association of Southeast Asian Nations (ASEAN) and leaders from around the world, including United States President Barack Obama, Russian President Vladimir Putin, Chinese President Xi Jinping, and others, are gathering in Vientiane, Lao People’s Democratic Republic. Here are 12 things to know about the economic potential of ASEAN.
This publication provides a snapshot of the GMS subregion's performance from 1992-2014, highlighting growth in output and merchandise trade, developments in ICT, and trends in subregional integration.
Something as simple as a road can have a dramatic impact on the lives of many. The Lao People’s Democratic Republic has built a new highway with help from ADB linking the tourist town of Luangprabang with the country’s border with Thailand. For many in the region the road passes through, it has changed everything.
A mix of energy and mineral exports, manufacturing, services, and tourism is helping grow the economy, create jobs and lift people out of poverty in Lao People's Democratic Republic.
The economy of the Lao People’s Democratic Republic (Lao PDR) continues to grow vigorously. However, because it is a resource-rich country with an economy heavily reliant on mining and hydropower, more focus on diversifying the economy is needed. The government must strive for strong macroeconomic management, a sound fiscal framework, and effective budget management. While the government has consolidated expenditures to contain the deficit, it needs to increase fiscal and foreign reserves to absorb any future shocks.
ADB assistance to the Lao PDR is consistent with the rapidly evolving development needs of a lower-middle-income country. Under its national socioeconomic development plans, the government has adopted a policy to transform the Lao PDR from a landlocked to a landlinked country, and is aiming to be eligible to graduate from least developed country status by 2020.
Projects in Lao People's Democratic Republic
Average annual population growth rate in Lao PDR (2010-2015)
Maternal mortality ratio in Lao PDR, per 100,000 live births (2015)
Population in Lao PDR, in millions (2015)
Population living below the national poverty line in Lao PDR (2013)