GDP Expected To Grow At 6.8 Percent: IMF

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 [1] with Laos recently, describing Laos’ challenges in dealing with the current account deficit, falling foreign currency reserves, and growing ….

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Poverty Reduction Slows

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 …..

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Revised Govt Plan To See Bigger Budget Deficit

The government’s proposal to revise the next four-year budget plan (2017-2020) will see the budget deficit increase to 4.39 percent of gross domestic product (GDP), up by 0.32 percent compared to the four-year plan approved earlier by the National Assembly (NA).
Deputy Prime Minister and Finance Minister Somdy Duangdy presented the proposed plan to the ….

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