Lao PDR and ADB
In the Spotlight
ADB's $5 million HIV/AIDS prevention project for the Greater Mekong Subregion helped Lao PDR and Viet Nam reach high risk and vulnerable people in border region economic corridors.
Economic growth in the Lao People’s Democratic Republic (Lao PDR) is expected to remain stable this year and next, supported by the expanding agriculture, energy, industry, and services sectors, says a new ADB report.
Right Fiscal Reforms, Policies Can Help Meet Social Protection Agenda in Asia and Pacific — ADB Report
The report, Asia’s Fiscal Challenge: Financing the Social Protection Agenda of the SDGs乐动体育注册, looks at the fiscal situation in 16 countries and the challenges in building and expanding their social welfare program.
ADB continues to partner with the Lao PDR as it seeks to graduate from Least Developed Country status by 2020. This country brief乐动体育注册 details ADB’s operations across major sectors, and explores gains and challenges.
The economy of the Lao People’s Democratic Republic (Lao PDR) continues to grow vigorously. However, because it is a resource-rich country with an economy heavily reliant on mining and hydropower, more focus on diversifying the economy is needed. The government must strive for strong macroeconomic management, a sound fiscal framework, and effective budget management. While the government has consolidated expenditures to contain the deficit, it needs to increase fiscal and foreign reserves to absorb any future shocks.
Under the country partnership strategy, ADB's operations will focus on improving physical connectivity, developing skills that support growth, and ensuring sustainable natural resource management and climate resilience.
The Lao PDR is a member of the Greater Mekong Subregion (GMS).
Projects in Lao People's Democratic Republic
- Rural Power Distribution and Efficiency Improvement Project (formerly Northern Cross-Border Power Trade and Distribution Project)
- Greater Mekong Subregion Healthy Border Special Economic Zones Project
- Creating Ecosystems for Green Local Currency Bonds for Infrastructure Development in ASEAN+3
- Improving the Quality of Health Care Project
- Connecting the Railways of the Greater Mekong Subregion (Phase 2)
- Promoting an Interconnected, Inclusive, and Resilient Association of Southeast Asian Nations Capital Market
- Greater Mekong Subregion Sustainable Agriculture and Food Security Program
- Greater Mekong Subregion Climate Change and Environmental Sustainability Program
- 2020 International Comparison Program for Asia and the Pacific
- Health Sector Governance Program (Subprogram 2)
- Mekong Tourism Innovation
- Workshop for Selection and Monitoring of a Biodiversity Offset for the Nam Ngiep 1 Hydropower Project
- Strengthening Capacity for Health Sector Governance Reforms
- Asian Development Outlook 2016-2018 - Asian Development Outlook 2017 (Subproject 2)