Lao PDR : Country Procurement Assessment Report
The Government of Laos has made significant strides over the last eight years in improving its public procurement process, principally through the introduction of a procurement law and implementing rules and regulations that were facilitated by sig...
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| Format: | Country Procurement Assessment (CPAR) |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2003/01/2125215/laos-country-procurement-assessment-report http://hdl.handle.net/10986/13820 |
| Summary: | The Government of Laos has made
significant strides over the last eight years in improving
its public procurement process, principally through the
introduction of a procurement law and implementing rules and
regulations that were facilitated by significant technical
assistance from the Asian Development Bank. However, as this
report illustrates, more remains to be done to improve the
efficiency of public spending at a time when the country of
Laos is still experiencing fiscal imbalances caused largely
by the economic crisis of the late 1990s and the subsequent
heavy burden of budget subsidies. This report contributes to
the Government's ongoing economic and fiscal reform
agencies. It analyzes strengths and weaknesses in the system
and outlines an action plan to bring public procurement
infurther into line with internationally accepted best
practice. Implementation of the action plan is important not
only in continuing to improve the effectiveness of public
spending and attracting continued support for the
Government's econoic reform program, but also in light
of additional pressures arising from the Government's
policy of decentralizing responsibilities for project
formulation and implementation. The World Bank is making
continued public procurement reform a key part of its
Country Assistance Strategy for Laos. The Government's
continued progress in improving its procurement system will
help reduce the environment of high fiduciary risk. |
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