The government has cleared a plan to lower its budget deficit for 2018 but it still requires more funds to repay domestic and overseas loans.Read more
The government expects to pursue economic growth to at least seven percent in 2018, the same level expected for 2017, according to the Ministry of Finance.
The ministry is drafting the budget plan for 2018, which will be ….
The IMF also expressed concerns about the nation’s declining levels of foreign-currency reserves, a rising budget deficit and relatively high levels of public debt.Read more
The government has approved a total of US$1.11 billion in domestic and foreign private investments during the first quarter of this year.Read more
The International Monetary Fund (IMF) has predicted that Laos’ Gross Domestic Product (GDP) will grow at 6.8 percent this year, less than the government’s projected rate of 7 percent.
The IMF Executive Board concluded the Article IV consultation  with Laos recently, describing Laos’ challenges in dealing with the current account deficit, falling foreign currency reserves, and growing ….
Poverty reduction has slowed a little but the government will strive to reduce the number of poor families from 6.56 percent in 2016 down to 6.09 percent by 2017, the government has told the National Assembly.
There are four main reasons for the slower rate of poverty reduction, Minister of Planning and Investment Dr Souphanh Keomixay told the ongoing ordinary session of parliament when he presented a …..