IMF Gives Its Verdict

December 2004
Asia Monitor: South East Asia Monitor Volume 1;Dec2004, Vol. 15 Issue 12, p7
Country Report
Country Report
The article reports that in August, the IMF concluded an Article IV consultation with the Lao government. On the reform side, it noted the government's commitment to enterprise and banking reform, but stressed that major reforms remain to be tackled, including putting state-owned enterprises and banks on more of a commercial footing. In terms of fiscal reform, the IMF reiterated its support for the planned introduction of a value-added tax (VAT), but urged the government to press ahead with developing a public expenditure management plan, which is said would enable it to increase fiscal transparency and better track expenditure.


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