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Lao People's Democratic Republic - Joint IMF/World Bank debt sustainability analysis 2012 (English)

Following the improvement in the country's Country Policy and Institutional Assessment rating, Lao P.D.R.'s risk of debt distress is reclassified from high to moderate, as all external debt distress indicators stay below policy dependent indicative thresholds during the forecasting period under baseline assumptions, although thresholds are breached in the presence of certain shocks. In addition, debt service ratios remain comfortably within the policy-dependent indicative thresholds even under stress conditions, due to the high level of concessionality of official borrowing. The new risk classification will have important implications for Lao P.D.R.'s borrowing capacity. While the composition of concessional funds is expected to be skewed away from grants and towards loans, the overall envelope of external resources available to the country should increase.

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Lao People's Democratic Republic - Joint IMF/World Bank debt sustainability analysis 2012 (English). Debt sustainability analysis (DSA) Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/848781468046177893/Lao-Peoples-Democratic-Republic-Joint-IMF-World-Bank-debt-sustainability-analysis-2012