Lao PDR and ADB

In the Spotlight

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.
A Comparative Analysis of Tax Administration in Asia and the Pacific: 2018 Edition

This comparative analysis of administrative frameworks, functions, and performance of revenue bodies in 28 Asia–Pacific economies includes developments and trends in tax administration practice and performance.
High-value Crop Boosts Farmers' Income in Lao PDR

New value crops like Japanese cucumbers are helping farmers in the Lao People's Democratic Republic maximize their land and generate additional income.
Lao PDR: Emerging from Least Developed Country Status

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).

Lao PDR: By the NumbersVisit the Data Library

Read the latest ADB knowledge products on Lao PDR

ADB and Lao PDRFact Sheet

Latest

Publication 18 Mar 2019

Fintech and Financial Literacy in the Lao PDR
Financial literacy is gaining increasing importance as a policy objective in many countries.
Publication 06 Mar 2019

Determinants and Impacts of Financial Literacy in the Lao PDR
Financial literacy is gaining increasing importance as a policy objective in many countries.
News from Country Offices 15 Feb 2019

Green and Blue Finance Will Help Bridge Infrastructure Investment Gap in Southeast Asia
Countries in Southeast Asia need to promote innovative green and blue finance approaches to address the rising financing gap for sustainable infrastructure in the region, according to an ASEAN workshop in Bangkok.