Asian Development Bank and Lao PDR: Fact Sheet

Date: April 2014
Type: Brochures and Flyers
Country:
Subject:
Series: Country Fact Sheets

Description

Updated yearly, this ADB Country Fact Sheet provides social and economic indicators on Lao PDR as well as concise information on ADB's operations in the country and contact information.

The Lao People’s Democratic Republic (Lao PDR) has received $1.4 billion for 84 loans as of December 2013. ADB has extended development assistance to the Lao PDR since 1968, and remains one of the largest multilateral financiers of the country. The Lao PDR’s economy continues to grow rapidly, with a doubling of gross national income since 2006. A resource-based investment boom, fueled by mining and hydropower development for energy export, has been an important driver of the country’s economic growth. Growth remained strong in 2013, but inflationary pressures have been picking up due to rising prices of meat, poultry, and fruit. The risk of debt distress has been classified as moderate, given the country’s improved economic performance.