Country Economic Memorandum : Realizing the Development Potential of Lao PDR, Volume 2. Main Report
To sustain or exceed the 1990s annual average growth rate of 6.3 percent, Lao will need to promote agricultural and manufactured exports, and increase the contribution of natural resources to development. This will require another round of reforms,...
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| Format: | Country Economic Memorandum |
| Language: | English en_US |
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Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2004/12/5525048/lao-country-economic-memorandum-realizing-development-potential-lao-pdr-vol-2-2-main-report http://hdl.handle.net/10986/14492 |
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okr-10986-144922021-04-23T14:03:18Z Country Economic Memorandum : Realizing the Development Potential of Lao PDR, Volume 2. Main Report World Bank ACCESS TO SAFE WATER BANKS CENTRAL MINISTRIES CENTRAL PLANNING CHILD MORTALITY CLEAN WATER CLIMATE CLINICS COMMERCIAL BANKS COMMUNITY PARTICIPATION CORRUPTION DECISION MAKING DEFORESTATION DEVELOPMENT INDICATORS DISABILITY DISABLED CHILDREN DISCLOSURE DRINKING WATER ECONOMIC GROWTH EDUCATION OUTCOMES EFFECTIVE USE EMPIRICAL RESEARCH ENVIRONMENTAL PROBLEM ENVIRONMENTAL RESOURCES EXPENDITURES FAMILY PLANNING FINANCIAL SECTOR FISCAL DECENTRALIZATION FORESTRY GIRLS GNP HEALTH CARE HEALTH CARE SERVICES HEALTH EDUCATION HEALTH INDICATORS HEALTH SERVICES HEALTH STATUS HOSPITALS IMMUNIZATION INCOME INFANT MORTALITY INFLATION INSTITUTIONAL CAPACITY LABOR COSTS LAWS LIFE EXPECTANCY LOCAL AUTHORITIES LOW INCOME LOW-INCOME COUNTRIES MACROECONOMICS MALARIA MALNUTRITION MORBIDITY MORTALITY RATES NATIONAL INCOME NATURAL RESOURCES OIL POLITICAL SYSTEM POPULATION GROWTH POVERTY LINE PRIVATE SECTOR PRODUCTIVITY PRODUCTIVITY GROWTH PUBLIC EXPENDITURE PUBLIC EXPENDITURES PUBLIC HEALTH PUBLIC SECTOR PUBLIC SPENDING PURCHASING POWER REPRODUCTIVE HEALTH SAFE WATER SAFE WATER ACCESS SCHOOLS SERVICE DELIVERY SERVICE PROVIDERS SOCIALIZATION STRUCTURAL ADJUSTMENT SUSTAINABLE GROWTH TIMBER TRANSPARENCY URBANIZATION WAGES To sustain or exceed the 1990s annual average growth rate of 6.3 percent, Lao will need to promote agricultural and manufactured exports, and increase the contribution of natural resources to development. This will require another round of reforms, and supportive public spending. These reforms should seek to create a more enabling environment for the private sector, and for exports, to raise revenue and maintain macroeconomic stability, as well as to improve the transparency, accountability and efficiency of public expenditure management, and public service delivery. To develop natural resources and mineral reserves, Lao will need to attract substantial international and domestic capital to meet the heavy front-end capital costs required to exploit mineral deposits. To bring in that investment, however, requires improvement in governance of the mining sector, particularly in regard to partnerships with the private sector. Looking specifically at growth and poverty reduction, three scenarios for growth - base, base plus and high - show aggregate GDP growth up to 2015, rising roughly by an annual average of 4-5 percent, 5-6 percent, and 6-8 percent respectively. These indicate that this long-term growth will be driven largely by manufacturing (industry) and services, with growth from agriculture though important in the initial years, its contribution declining in the long-term. These growth scenarios depend very much on the pace and depth of reforms the country implements. Additionally, rising government revenues from natural resources alone will not suffice to meet social needs. On current trends, for example, per capita recurrent expenditures in health hardly increase until 2015. The country will need to take additional revenue measures and reallocate expenditures to increase recurrent expenditures on social sectors. To be effective, such revenue and expenditure measures must also be accompanied by efficient improvements in the service delivery mechanisms, i.e., increasing the participation of the poor. 2013-07-23T19:51:04Z 2013-07-23T19:51:04Z 2004-12-23 http://documents.worldbank.org/curated/en/2004/12/5525048/lao-country-economic-memorandum-realizing-development-potential-lao-pdr-vol-2-2-main-report http://hdl.handle.net/10986/14492 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Country Economic Memorandum Economic & Sector Work East Asia and Pacific Lao People's Democratic Republic |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCESS TO SAFE WATER BANKS CENTRAL MINISTRIES CENTRAL PLANNING CHILD MORTALITY CLEAN WATER CLIMATE CLINICS COMMERCIAL BANKS COMMUNITY PARTICIPATION CORRUPTION DECISION MAKING DEFORESTATION DEVELOPMENT INDICATORS DISABILITY DISABLED CHILDREN DISCLOSURE DRINKING WATER ECONOMIC GROWTH EDUCATION OUTCOMES EFFECTIVE USE EMPIRICAL RESEARCH ENVIRONMENTAL PROBLEM ENVIRONMENTAL RESOURCES EXPENDITURES FAMILY PLANNING FINANCIAL SECTOR FISCAL DECENTRALIZATION FORESTRY GIRLS GNP HEALTH CARE HEALTH CARE SERVICES HEALTH EDUCATION HEALTH INDICATORS HEALTH SERVICES HEALTH STATUS HOSPITALS IMMUNIZATION INCOME INFANT MORTALITY INFLATION INSTITUTIONAL CAPACITY LABOR COSTS LAWS LIFE EXPECTANCY LOCAL AUTHORITIES LOW INCOME LOW-INCOME COUNTRIES MACROECONOMICS MALARIA MALNUTRITION MORBIDITY MORTALITY RATES NATIONAL INCOME NATURAL RESOURCES OIL POLITICAL SYSTEM POPULATION GROWTH POVERTY LINE PRIVATE SECTOR PRODUCTIVITY PRODUCTIVITY GROWTH PUBLIC EXPENDITURE PUBLIC EXPENDITURES PUBLIC HEALTH PUBLIC SECTOR PUBLIC SPENDING PURCHASING POWER REPRODUCTIVE HEALTH SAFE WATER SAFE WATER ACCESS SCHOOLS SERVICE DELIVERY SERVICE PROVIDERS SOCIALIZATION STRUCTURAL ADJUSTMENT SUSTAINABLE GROWTH TIMBER TRANSPARENCY URBANIZATION WAGES |
| spellingShingle |
ACCESS TO SAFE WATER BANKS CENTRAL MINISTRIES CENTRAL PLANNING CHILD MORTALITY CLEAN WATER CLIMATE CLINICS COMMERCIAL BANKS COMMUNITY PARTICIPATION CORRUPTION DECISION MAKING DEFORESTATION DEVELOPMENT INDICATORS DISABILITY DISABLED CHILDREN DISCLOSURE DRINKING WATER ECONOMIC GROWTH EDUCATION OUTCOMES EFFECTIVE USE EMPIRICAL RESEARCH ENVIRONMENTAL PROBLEM ENVIRONMENTAL RESOURCES EXPENDITURES FAMILY PLANNING FINANCIAL SECTOR FISCAL DECENTRALIZATION FORESTRY GIRLS GNP HEALTH CARE HEALTH CARE SERVICES HEALTH EDUCATION HEALTH INDICATORS HEALTH SERVICES HEALTH STATUS HOSPITALS IMMUNIZATION INCOME INFANT MORTALITY INFLATION INSTITUTIONAL CAPACITY LABOR COSTS LAWS LIFE EXPECTANCY LOCAL AUTHORITIES LOW INCOME LOW-INCOME COUNTRIES MACROECONOMICS MALARIA MALNUTRITION MORBIDITY MORTALITY RATES NATIONAL INCOME NATURAL RESOURCES OIL POLITICAL SYSTEM POPULATION GROWTH POVERTY LINE PRIVATE SECTOR PRODUCTIVITY PRODUCTIVITY GROWTH PUBLIC EXPENDITURE PUBLIC EXPENDITURES PUBLIC HEALTH PUBLIC SECTOR PUBLIC SPENDING PURCHASING POWER REPRODUCTIVE HEALTH SAFE WATER SAFE WATER ACCESS SCHOOLS SERVICE DELIVERY SERVICE PROVIDERS SOCIALIZATION STRUCTURAL ADJUSTMENT SUSTAINABLE GROWTH TIMBER TRANSPARENCY URBANIZATION WAGES World Bank Country Economic Memorandum : Realizing the Development Potential of Lao PDR, Volume 2. Main Report |
| geographic_facet |
East Asia and Pacific Lao People's Democratic Republic |
| description |
To sustain or exceed the 1990s annual
average growth rate of 6.3 percent, Lao will need to promote
agricultural and manufactured exports, and increase the
contribution of natural resources to development. This will
require another round of reforms, and supportive public
spending. These reforms should seek to create a more
enabling environment for the private sector, and for
exports, to raise revenue and maintain macroeconomic
stability, as well as to improve the transparency,
accountability and efficiency of public expenditure
management, and public service delivery. To develop natural
resources and mineral reserves, Lao will need to attract
substantial international and domestic capital to meet the
heavy front-end capital costs required to exploit mineral
deposits. To bring in that investment, however, requires
improvement in governance of the mining sector, particularly
in regard to partnerships with the private sector. Looking
specifically at growth and poverty reduction, three
scenarios for growth - base, base plus and high - show
aggregate GDP growth up to 2015, rising roughly by an annual
average of 4-5 percent, 5-6 percent, and 6-8 percent
respectively. These indicate that this long-term growth will
be driven largely by manufacturing (industry) and services,
with growth from agriculture though important in the initial
years, its contribution declining in the long-term. These
growth scenarios depend very much on the pace and depth of
reforms the country implements. Additionally, rising
government revenues from natural resources alone will not
suffice to meet social needs. On current trends, for
example, per capita recurrent expenditures in health hardly
increase until 2015. The country will need to take
additional revenue measures and reallocate expenditures to
increase recurrent expenditures on social sectors. To be
effective, such revenue and expenditure measures must also
be accompanied by efficient improvements in the service
delivery mechanisms, i.e., increasing the participation of
the poor. |
| format |
Economic & Sector Work :: Country Economic Memorandum |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Country Economic Memorandum : Realizing the Development Potential of Lao PDR, Volume 2. Main Report |
| title_short |
Country Economic Memorandum : Realizing the Development Potential of Lao PDR, Volume 2. Main Report |
| title_full |
Country Economic Memorandum : Realizing the Development Potential of Lao PDR, Volume 2. Main Report |
| title_fullStr |
Country Economic Memorandum : Realizing the Development Potential of Lao PDR, Volume 2. Main Report |
| title_full_unstemmed |
Country Economic Memorandum : Realizing the Development Potential of Lao PDR, Volume 2. Main Report |
| title_sort |
country economic memorandum : realizing the development potential of lao pdr, volume 2. main report |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2004/12/5525048/lao-country-economic-memorandum-realizing-development-potential-lao-pdr-vol-2-2-main-report http://hdl.handle.net/10986/14492 |
| _version_ |
1764428899735830528 |