Over half a century ago, Lao PDR began its journey to become a modern nation and committed itself to long-term development ambitions. It has delivered electricity, schools, roads, and has become an important energy exporter.
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Vientiane, October 29, 2014—A new World Bank Group report finds that Lao PDR improved its business environment over the past year, moving up seven places in the global ranking on the ease of doing business.... Show More + But while the progress is encouraging, entrepreneurs in Lao PDR still face severe challenges compared with counterparts in some regional neighbors.Released today, Doing Business 2015: Going Beyond Efficiency finds that Lao PDR’s standing in the ease of doing business ranking improved from 155 among 189 economies in last year’s Doing Business report to 148. The higher ranking this year reflects measures to strengthen legal rights of borrowers and lenders by establishing a collateral registry and to strengthen protections of minority investors by improving disclosure standards for directors of firms listed on the Lao Securities Exchange. Yet Lao PDR still lags far behind in the ease of doing business ranking compared with Malaysia, at 18, and Thailand, at 26.“We are encouraged to see Show Less -
Forecast Shows Region to Grow Nearly 7% This Year and NextSINGAPORE, October 6, 2014 – Developing countries in East Asia Pacific will see slightly slower economic growth this year, but the pace of growth... Show More + in the region, excluding China, will pick up next year, as the gradual recovery in high-income economies boosts demand for exports from the region, according to the East Asia Pacific Economic Update released today by the World Bank. Still, developing East Asia Pacific remains the fastest-growing region in the world.Developing East Asia will grow by 6.9% this year and next, down from 7.2% in 2013, the report says. In China, growth will ease slightly to 7.4% this year and 7.2% in 2015, as the government seeks to put the economy on a more sustainable path with policies addressing financial vulnerabilities and structural constraints. Excluding China, growth in developing countries in the region is expected to bottom out at 4.8% this year, before rising to 5.3% in 2015, as exports rise and Show Less -