The sector focus for this issue concerns school based management, current conditions and recommendations for the future. Lao People's Democratic Republic 's (PDR's) education system faces challenges in meeting its goals of providing all students with access to education and improving learning outcomes.
... See More + The study presents a framework explaining how school based management can help improve education quality. The Lao economy is estimated to grow at 8.1 percent in 2013, fueled by a vibrant resource sector, continued Foreign Direct Investment (FDI)-financed investment in hydropower, and accommodative macro economic policies. Growth is projected to moderate to 7.2 percent in 2014, reflecting a small projected slowdown in some real sectors, mainly mining and construction. Inflationary pressures, mainly through food prices, are not showing signs of dissipating by end 2013. In FY12-13, the fiscal deficit widened markedly due to a combination of a large increase in public sector wages and benefits, and a decline in grants and mining revenues. The FY13-14 budget plan indicates a narrower fiscal deficit of about 4.3 percent. The risk of debt distress remains moderate, according to the recent Joint International Monetary Fund (IMF)-World Bank Debt Sustainability Analysis (DSA) 2013. While the Bank of Lao PDR maintains nominal exchange rate stability of the Lao kip against major currencies, foreign exchange policy should probably give more consideration to reserve management and competitiveness. Foreign exchange reserves and net foreign assets continued to fall in the third quarter of 2013.
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The sector focus for this issue concerns school based management, current conditions and recommendations for the future. Lao People's Democratic Republic 's (PDR's) education system faces challenges in meeting its goals of providing all students with access to education and improving learning outcomes.
... See More + The study presents a framework explaining how school based management can help improve education quality. The Lao economy is estimated to grow at 8.1 percent in 2013, fueled by a vibrant resource sector, continued Foreign Direct Investment (FDI)-financed investment in hydropower, and accommodative macro economic policies. Growth is projected to moderate to 7.2 percent in 2014, reflecting a small projected slowdown in some real sectors, mainly mining and construction. Inflationary pressures, mainly through food prices, are not showing signs of dissipating by end 2013. In FY12-13, the fiscal deficit widened markedly due to a combination of a large increase in public sector wages and benefits, and a decline in grants and mining revenues. The FY13-14 budget plan indicates a narrower fiscal deficit of about 4.3 percent. The risk of debt distress remains moderate, according to the recent Joint International Monetary Fund (IMF)-World Bank Debt Sustainability Analysis (DSA) 2013. While the Bank of Lao PDR maintains nominal exchange rate stability of the Lao kip against major currencies, foreign exchange policy should probably give more consideration to reserve management and competitiveness. Foreign exchange reserves and net foreign assets continued to fall in the third quarter of 2013.
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The Lao economy is projected to grow at 8 percent in 2013. The hydropower sector (both completed projects in operation and projects in the construction or development phase), construction, food processing, and services sectors remain the major contributors to this growth.
... See More + Overall inflation has risen considerably since the end of 2012, due to a notable increase in non-rice food prices. The fiscal deficit as a ratio to gross domestic product (GDP) is expected to widen in FY2012-2013. Therefore, containing aggregate demand through fiscal and credit growth management is essential to maintain macroeconomic balances while exchange rate management needs to be measured given the pressures on reserves and competitiveness. As the banking sector continues to expand and credit growth remains relatively high, bank supervision capacity needs to be strengthened. Lao People's Democratic Republic's (PDR's) robust economic performance and expansionary fiscal policy calls for a bolder investment in social sector spending. This paper is divided into following two parts: part one gives recent economic developments; and part two presents sector focus.
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The Lao economy is projected to grow at 8 percent in 2013. The hydropower sector (both completed projects in operation and projects in the construction or development phase), construction, food processing, and services sectors remain the major contributors to this growth.
... See More + Overall inflation has risen considerably since the end of 2012, due to a notable increase in non-rice food prices. The fiscal deficit as a ratio to gross domestic product (GDP) is expected to widen in FY2012-2013. Therefore, containing aggregate demand through fiscal and credit growth management is essential to maintain macroeconomic balances while exchange rate management needs to be measured given the pressures on reserves and competitiveness. As the banking sector continues to expand and credit growth remains relatively high, bank supervision capacity needs to be strengthened. Lao People's Democratic Republic's (PDR's) robust economic performance and expansionary fiscal policy calls for a bolder investment in social sector spending. This paper is divided into following two parts: part one gives recent economic developments; and part two presents sector focus.
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