An additional US$15 million was made available on June 9 to help Laos stop the spread of Covid-19, following an agreement between the World Bank and the government, according to World Bank
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The government expects to earn its first income from the sale of carbon credit next year after signing an agreement with the World Bank.
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While economic growth in the Lao PDR contracted in 2020 for the first time in over two decades, the economy is set to recover in 2021 and in the medium term, provided the impact of the COVID-19 pandemic is contained and business can resume with trading partners
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An elevated fiscal deficit will result in growing public debt, which will ramp up pressure on the country’s debt servicing capacity amid the Covid-19 crisis.
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Importers and exporters in Laos are grappling with several challenges despite the government’s active efforts to reduce procedures and trade barriers.
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Economic growth in Laos has slowed as production and consumer spending drop amid fears of a spread of the coronavirus, with growth expected to shrink by about 50 percent
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The business environment is expected to improve dramatically in the coming years as the government intensifies action to better facilitate business
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Private investment prospects in Laos remain robust despite the nation’s drop in ranking on the World Bank’s Ease of Doing Business Index, according to a government report.
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Laos has begun to witness improvements in non-resource exports amid declining mining output and a government policy to boost growth in the manufacturing sector
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