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Appendix I Real Exchange Rate Movements and External Competitiveness »
Source: The Lao People's Democratic Republic : Systemic Transformation and Adjustment
Series: Occasional Papers
Author(s): Ichiro Otani , and Chi Pham
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 28 May 1996
ISBN: 9781557755605
Keywords: banking, exchange rate, foreign exchange, privatization, foreign investment
41...

Appendix II Foreign Direct Investment »
Source: The Lao People's Democratic Republic : Systemic Transformation and Adjustment
Series: Occasional Papers
Author(s): Ichiro Otani , and Chi Pham
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 28 May 1996
ISBN: 9781557755605
Keywords: banking, exchange rate, foreign exchange, privatization, foreign investment
The reform strategy implemented in the Lao P.D.R. since 1985 has recognized the importance of external resources—both official and private—in accelerating economic transformation and in emulatin...

Appendix III Legal and Constitutional Reform »
Source: The Lao People's Democratic Republic : Systemic Transformation and Adjustment
Series: Occasional Papers
Author(s): Ichiro Otani , and Chi Pham
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 28 May 1996
ISBN: 9781557755605
Keywords: banking, exchange rate, foreign exchange, privatization, foreign investment
50...

Appendix IV Structure of the Tax System, End-1994 »
Source: The Lao People's Democratic Republic : Systemic Transformation and Adjustment
Series: Occasional Papers
Author(s): Ichiro Otani , and Chi Pham
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 28 May 1996
ISBN: 9781557755605
Keywords: banking, exchange rate, foreign exchange, privatization, foreign investment
Tax...

Appendix V The Lao Government's Policy Agenda, 1994/95–1999/2000 »
Source: The Lao People's Democratic Republic : Systemic Transformation and Adjustment
Series: Occasional Papers
Author(s): Ichiro Otani , and Chi Pham
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 28 May 1996
ISBN: 9781557755605
Keywords: banking, exchange rate, foreign exchange, privatization, foreign investment
56 states the macroeconomic and sectoral objectives of the country as follows: (i) consolidate the macroeconomic reforms to ensure a smooth tr...

I Introduction and Summary »
Source: The Lao People's Democratic Republic : Systemic Transformation and Adjustment
Series: Occasional Papers
Author(s): Ichiro Otani , and Chi Pham
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 28 May 1996
ISBN: 9781557755605
Keywords: banking, exchange rate, foreign exchange, privatization, foreign investment
1 with systemic transformation during 1989—94; when the IMF provided financial support under the structural adjustment facility (SAF) and the enhanced structural ad...

II Setting of Economic Reform »
Source: The Lao People's Democratic Republic : Systemic Transformation and Adjustment
Series: Occasional Papers
Author(s): Ichiro Otani , and Chi Pham
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 28 May 1996
ISBN: 9781557755605
Keywords: banking, exchange rate, foreign exchange, privatization, foreign investment
The Country at a Glance...

III Recent Macroeconomic Performance and Structural Reforms »
Source: The Lao People's Democratic Republic : Systemic Transformation and Adjustment
Series: Occasional Papers
Author(s): Ichiro Otani , and Chi Pham
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 28 May 1996
ISBN: 9781557755605
Keywords: banking, exchange rate, foreign exchange, privatization, foreign investment
Against the background summarized in the previous subsection, the Government adopted a major medium-term adjustment program in 1989, followed by another in 1993. This section summarizes the main objectives a...

IV Monetary Policy and Financial Sector Reforms »
Source: The Lao People's Democratic Republic : Systemic Transformation and Adjustment
Series: Occasional Papers
Author(s): Ichiro Otani , and Chi Pham
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 28 May 1996
ISBN: 9781557755605
Keywords: banking, exchange rate, foreign exchange, privatization, foreign investment
Nominal anchors, in the form of either nominal exchange rates or predetermined rates of money growth, have proved to be useful in the process of disinflation in many developing countries or transition econom...

The Lao People's Democratic Republic : Systemic Transformation and Adjustment »
Series: Occasional Papers
Author(s): Ichiro Otani , and Chi Pham
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 28 May 1996
DOI: http://dx.doi.org/10.5089/9781557755605.084
ISBN: 9781557755605
Keywords: banking, exchange rate, foreign exchange, privatization, foreign investment
Faced with a steadily worsening economy, the government of the Lao Peoples Democratic Republic took its first steps toward reforming its centrally planned economy in December 1979. The reform process gathered momen...