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Every five years the World Bank Group takes stock of development progress and challenges in the Lao PDR through a Systematic Country Diagnostic. This feeds into the next five-year lending and advisory program agreed between the Government and the World Bank, known as the Country Partnership Framework.
This year, the World Bank is also producing a Country Economic Memorandum, which analyses the Lao PDR’s economic history, situation and potential, seeking options that could help the country take advantage of its strategic location and natural wealth for inclusive and sustained growth.
In preparing all three of these documents, the World Bank Group seeks your opinion.
We seek opinions on the most promising reforms and investments — alongside the most salient challenges — that could help the Lao PDR recover from the current economic slowdown, and develop a resilient economy that brings about poverty reduction and shared prosperity. In preliminary analysis of the current situation, the World Bank has identified three main challenges facing the country:
- Increasing macroeconomic instability.
- Jobless growth with rising inequality.
- Vulnerability to climate change, environmental degradation, and shocks.
Last Updated: Nov 19, 2021