Lao PDR Economic Monitor, January 2014 : Managing Risks for Macroeconomic Stability

Lao PDR Economic Monitor, January 2014 : Managing Risks for Macroeconomic Stability

The sector focus for this issue concerns school based management, current conditions and recommendations for the future. Lao PDR's education system faces challenges in meeting its goals of providing all students with access to education and im...

Full description

Bibliographic Details
Main Author:	World Bank
Format:	Economic Updates and Modeling
Language:	English en_US
Published:	Vientiane 2014
Subjects:	ACCESS TO EDUCATION ACCOUNTABILITY ADMINISTRATIVE CONTROL ADVERSE SHOCK ADVERSE SHOCKS AGRICULTURE ARREARS AUTONOMY BALANCE OF PAYMENT BALANCE OF PAYMENTS BANK CREDIT BANK DEBT BANK LENDING BANK OF THAILAND BANK OFFICE BANK SUPERVISION BANKING SECTOR BILATERAL EXCHANGE RATES BILL BLOCK GRANT BLOCK GRANTS BOND BOND ISSUANCE BOND MARKET BROAD MONEY BUDGETING BUFFERS CAPACITY BUILDING CAPITAL ACCOUNT CAPITAL GOODS CAPITAL GOODS IMPORTS CAPITAL INFLOWS CASH WITHDRAWALS CHAMBER OF COMMERCE CIVIL SERVICE COMMERCIAL BANK COMMERCIAL BANKS COMMERCIAL BORROWING COMMODITY PRICES COMPETITIVENESS CONSUMER PRICE INDEX CONTINGENT LIABILITIES CREDIT GROWTH CREDITORS CREDITS CURRENCY EARNINGS CURRENT ACCOUNT CURRENT ACCOUNT DEFICIT DEBT DEBT MANAGEMENT DEBT REPAYMENTS DEBT SERVICE DEBT SUSTAINABILITY DECISION MAKING DEMAND GROWTH DEPOSITS DISBURSEMENTS DOMESTIC BANKING DOMESTIC CREDIT DOMESTIC DEMAND DUE DILIGENCE ECONOMIC DEVELOPMENT ECONOMIC DEVELOPMENTS ECONOMIC GROWTH ECONOMIC OUTLOOK ECONOMIC POLICIES EDUCATION DEVELOPMENT EDUCATION SYSTEM EFFECTIVE EXCHANGE RATE EMERGING MARKETS EMPOWERMENT ENROLLMENT EQUIPMENT EQUITY STAKE EQUITY STAKES EXCHANGE RATE EXCHANGE RATE STABILITY EXCHANGE RATES EXCISE TAXES EXPENDITURE EXPORT EARNINGS EXPORTS EXTERNAL BALANCE EXTERNAL BORROWING EXTERNAL DEBT FAMILIES FINANCES FINANCIAL RESOURCES FINANCIAL SECTOR FINANCIAL SERVICES FISCAL BALANCE FISCAL DEFICIT FISCAL POLICIES FISCAL POLICY FOOD PRICE FOOD PRICES FOREIGN ASSETS FOREIGN CURRENCIES FOREIGN CURRENCY FOREIGN CURRENCY DEPOSITS FOREIGN CURRENCY LENDING FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE POLICY FOREIGN EXCHANGE RESERVES FOREIGN RESERVES GDP GLOBAL ECONOMY GOLD GOLD PRICE GOVERNMENT BONDS GOVERNMENT EXPENDITURES GOVERNMENT REVENUES GOVERNMENT SPENDING GRANT PROGRAMS GROSS DOMESTIC PRODUCT HOUSEHOLDS IMPORT IMPORT GROWTH IMPORTS INFLATION INFLATION EXPECTATIONS INFLATIONARY PRESSURES INTERNATIONAL RESERVES INVESTMENT INFLOWS LABOR COSTS LEVERAGE LOCAL CAPACITY LOCAL GOVERNMENT LOCAL INFRASTRUCTURE LOSS OF COMPETITIVENESS MACROECONOMIC POLICIES MACROECONOMIC POLICY MACROECONOMIC STABILITY MAJOR CURRENCIES MONETARY AUTHORITY MONETARY FUND MONETARY POLICIES MONETARY POLICY NEGATIVE SHOCKS NOMINAL EXCHANGE RATE NON-PERFORMING LOAN NON-PERFORMING LOANS NPL OPERATING COST POLITICAL TURMOIL PRESENT VALUE PRESENT VALUE OF DEBT PRICE INFLATION PRIVATE SECTOR CREDIT PRODUCTION COSTS PUBLIC DEBT PUBLIC EXPENDITURE PUBLIC EXPENDITURES PUBLIC FINANCE PUBLIC INVESTMENT PUBLIC SCHOOLS PUBLIC SPENDING REAL APPRECIATION REAL EFFECTIVE EXCHANGE RATE REAL EFFECTIVE EXCHANGE RATES REAL EXCHANGE RATE REAL EXCHANGE RATES REAL GDP RECURRENT EXPENDITURE RESERVE RETURN RISK OF DEBT SCHOOL FACILITIES SECURITIES SECURITIES EXCHANGE SETTLEMENT SHORTFALLS SLOWDOWN SOURCES OF FINANCE SOVEREIGN BONDS STRONG CAPITAL INFLOWS SUPPLY SIDE SURPLUS TAX TECHNICAL ASSISTANCE TERRORISM TRADE FACILITATION TRANCHE TRANSACTION TRANSACTION COSTS UNCERTAINTY UNION VALUATION VALUE ADDED VILLAGES WAGES
Online Access:	http://documents.worldbank.org/curated/en/2014/01/19127189/managing-risks-macroeconomic-stability http://hdl.handle.net/10986/17363

Description
Summary:	The sector focus for this issue concerns school based management, current conditions and recommendations for the future. Lao PDR's education system faces challenges in meeting its goals of providing all students with access to education and improving learning outcomes. The study presents a framework explaining how school based management can help improve education quality. The Lao economy is estimated to grow at 8.1 percent in 2013, fueled by a vibrant resource sector, continued FDI-financed investment in hydropower, and accommodative macro economic policies. Growth is projected to moderate to 7.2 percent in 2014, reflecting a small projected slowdown in some real sectors, mainly mining and construction. Inflationary pressures, mainly through food prices, are not showing signs of dissipating by end 2013. In FY12/13, the fiscal deficit widened markedly due to a combination of a large increase in public sector wages and benefits, and a decline in grants and mining revenues. The FY13/14 budget plan indicates a narrower fiscal deficit of about 4.3 percent. The risk of debt distress remains moderate, according to the recent Joint IMF-World Bank Debt Sustainability Analysis (DSA) 2013. While the Bank of Lao PDR maintains nominal exchange rate stability of the Lao kip against major currencies, foreign exchange policy should probably give more consideration to reserve management and competitiveness. Foreign exchange reserves and net foreign assets continued to fall in the third quarter of 2013.

Cannot write session to /tmp/vufind_sessions/sess_5iqsfkp52q2ii04rmlstvts85l