Lao PDR and ADB
In the Spotlight
Economic growth in the Lao People’s Democratic Republic (Lao PDR) is expected to remain stable this year and next, supported by the expanding agriculture, energy, industry, and services sectors, says a new ADB report.
Right Fiscal Reforms, Policies Can Help Meet Social Protection Agenda in Asia and Pacific — ADB Report
The report, Asia’s Fiscal Challenge: Financing the Social Protection Agenda of the SDGs, looks at the fiscal situation in 16 countries and the challenges in building and expanding their social welfare program.
New value crops like Japanese cucumbers are helping farmers in the Lao People's Democratic Republic maximize their land and generate additional income.
ADB continues to partner with the Lao PDR as it seeks to graduate from Least Developed Country status by 2020. This country brief details ADB’s operations across major sectors, and explores gains and challenges.
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.
The Lao PDR is a member of the Greater Mekong Subregion (GMS).
Projects in Lao People's Democratic Republic
- Health Sector Governance Program (Subprogram 2)
- Mekong Tourism Innovation
- Workshop for Selection and Monitoring of a Biodiversity Offset for the Nam Ngiep 1 Hydropower Project
- Strengthening Capacity for Health Sector Governance Reforms
- Greater Mekong Subregion: Capacity Development for Economic Zones in Border Areas