COVID-19 To Impact Lao PDR Growth, Debt In 2020: World Bank Report
Between 96,000 and 214,000 additional people are estimated to fall into poverty as a result of the pandemic, jeopardizing past gains.
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World Bank (WB) Laos
Rule Of Law Key To Strengthening Laos’ Competitiveness
Laos has to strengthen the rule of law if it wants to become a competitive investment destination, according to a report from the World Bank.
“The country (Laos) faces issues that include weak regulatory effectiveness, control of corruption and rule of law,” the 2018-Doing Business in the Lao PDR report highlighted in its key findings.
Lao Firms Identify High Tax Rates As Investment Constraint
Lao enterprises have highlighted the perceived unprofessional practices of firms in the informal sector and high tax rates as the top constraints in investing in the country, according to a report from the World Bank.
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World Bank Forecast: Laos’ Economic Growth Lower Than Expected
The World Bank (WB) has predicted that Lao economic growth will be slightly lower than the Lao government and Asian Development Bank (ADB) forecasts.
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