Lao People's Democratic Republic - Public Expenditure and Financial Accountability (PEFA) : Public Financial Management Assessment

The purpose of the Public Expenditure and Financial Accountability (PEFA) assessment is to provide the Government of Lao PDR (GOL) with a concise, standardized, objective, indicator-led assessment of the country's public financial management (...

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Main Author: World Bank
Format: Other Public Sector Study
Language:English
Published: World Bank 2012
Online Access:http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20110801001253
http://hdl.handle.net/10986/3000
id okr-10986-3000
recordtype oai_dc
spelling okr-10986-30002021-04-23T14:02:06Z Lao People's Democratic Republic - Public Expenditure and Financial Accountability (PEFA) : Public Financial Management Assessment World Bank The purpose of the Public Expenditure and Financial Accountability (PEFA) assessment is to provide the Government of Lao PDR (GOL) with a concise, standardized, objective, indicator-led assessment of the country's public financial management (PFM) systems to provide a benchmark against which to measure the further strengthening of Lao PFM. Partial assessments have been made in the past. However, this is the first comprehensive diagnosis covering the overall PFM system in Lao PDR. The Lao PDR (current population 6 million) is on the United Nations' (UN) 2008 list of least-developed countries (LDCs), with average per-capita income of approximately US$850. The Government of Lao's (GOL) objective is that economic growth should lift the country out of this status by 2020. The economy has been growing rapidly in the most recent period: over 2000-08, Gross Domestic Product (GDP) grew by 7 percent a year on average. Development of the economy has depended particularly on the growth of mineral and energy exports and of tourism, and on the development of light manufacturing whose products are sold primarily in South East Asian markets. The output of agriculture, which continues to account for approximately 75 percent of employment, has been growing but more slowly. The most developed parts of the country are the flatter lands of the Mekong valley, which also provide the bulk of tax revenues. The remoter hill country areas remain engaged primarily in subsistence agriculture and forestry activities. 2012-03-19T10:26:51Z 2012-03-19T10:26:51Z 2010-06-01 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20110801001253 http://hdl.handle.net/10986/3000 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank Economic & Sector Work :: Other Public Sector Study East Asia and Pacific Southeast Asia Asia 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
geographic_facet East Asia and Pacific
Southeast Asia
Asia
Lao People's Democratic Republic
description The purpose of the Public Expenditure and Financial Accountability (PEFA) assessment is to provide the Government of Lao PDR (GOL) with a concise, standardized, objective, indicator-led assessment of the country's public financial management (PFM) systems to provide a benchmark against which to measure the further strengthening of Lao PFM. Partial assessments have been made in the past. However, this is the first comprehensive diagnosis covering the overall PFM system in Lao PDR. The Lao PDR (current population 6 million) is on the United Nations' (UN) 2008 list of least-developed countries (LDCs), with average per-capita income of approximately US$850. The Government of Lao's (GOL) objective is that economic growth should lift the country out of this status by 2020. The economy has been growing rapidly in the most recent period: over 2000-08, Gross Domestic Product (GDP) grew by 7 percent a year on average. Development of the economy has depended particularly on the growth of mineral and energy exports and of tourism, and on the development of light manufacturing whose products are sold primarily in South East Asian markets. The output of agriculture, which continues to account for approximately 75 percent of employment, has been growing but more slowly. The most developed parts of the country are the flatter lands of the Mekong valley, which also provide the bulk of tax revenues. The remoter hill country areas remain engaged primarily in subsistence agriculture and forestry activities.
format Economic & Sector Work :: Other Public Sector Study
author World Bank
spellingShingle World Bank
Lao People's Democratic Republic - Public Expenditure and Financial Accountability (PEFA) : Public Financial Management Assessment
author_facet World Bank
author_sort World Bank
title Lao People's Democratic Republic - Public Expenditure and Financial Accountability (PEFA) : Public Financial Management Assessment
title_short Lao People's Democratic Republic - Public Expenditure and Financial Accountability (PEFA) : Public Financial Management Assessment
title_full Lao People's Democratic Republic - Public Expenditure and Financial Accountability (PEFA) : Public Financial Management Assessment
title_fullStr Lao People's Democratic Republic - Public Expenditure and Financial Accountability (PEFA) : Public Financial Management Assessment
title_full_unstemmed Lao People's Democratic Republic - Public Expenditure and Financial Accountability (PEFA) : Public Financial Management Assessment
title_sort lao people's democratic republic - public expenditure and financial accountability (pefa) : public financial management assessment
publisher World Bank
publishDate 2012
url http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20110801001253
http://hdl.handle.net/10986/3000
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