The Sixth Poverty Reduction Support Operation Program (PRSO-6) for Lao PDR aims to support the Government's priorities as outlined in its NSEDP and supported by the Country Assistance Strategy (CAS), namely by: (i) sustaining growth through improved investment climate and competiveness; and (ii) improving social outcomes by improving the quality of the public finance management framework and service delivery mechanism in the health and education sectors. PRSO-6 will contribute to the achievement of these objectives through improving management of key areas (regional integration, private sector development, and quality of investment in natural resource sector) and through strengthening of public financial management and service delivery capacities and targeted poverty reduction programs. With the global economy on its way to recovery, Lao PDR's economy appears ready for another year of sustained economic growth, in which the start of Second Nam Theun (NT2) commercial operations will be an important pillar. Economic growth is expected to be increasingly driven by resource exports (especially hydropower and mining). In 2010, it is expected that the start of NT2 commercial operations will contribute significantly to economic growth in 2010. The recent recovery of commodity prices (especially metals and agriculture) and regional demand has boosted Lao export earnings in the second half of 2009 and will also encourage Foreign Direct Investment (FDI) rebound in 2010 and 2011.
Detalhes
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Data do documento
2010/05/24
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TIpo de documento
Documento sobre o programa
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No. do relatório
53195
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Nº do volume
1
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Total Volume(s)
1
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País
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Região
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Data de divulgação
2010/07/01
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Disclosure Status
Disclosed
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Nome do documento
Laos - Sixth Poverty Reduction Support Operation Program
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Palavras-chave
asean free trade area;Analytical and Advisory Activities;medium term balance of payment;public financial management system;current account balance;Management of Natural Resources;targeted poverty reduction programs;issuance of treasury bill;Science and Technology;access to health care;effective poverty reduction;high level of price;small and medium enterprise;net foreign asset;natural resource sector;foreign direct investment;global financial crisis;budget support;rapid credit growth;Public Finance Management;nominal exchange rate;current account deficit;national poverty line;external public debt;debt service ratio;export of goods;investment climate;export earning;Fiscal Stimulus;local public infrastructure;financial information system;quality of investment;multiple exchange rate;civil service performance;tax revenue collection;public wage bill;budget support operations;foreign capital inflow;debt sustainability analysis;overseas development assistance;banking sector performance;per capita income;health financing strategy;service delivery mechanism;health sector policy;financial sector strategy;global financial system;public resource allocation;errors and omission;import of goods;growth in agriculture;education for all;weak financial management;improving service delivery;tax revenue increase;incidence of poverty;decline in poverty;banking sector stability;foreign currency securities;weak banking supervision;poverty reduction effort;reduction in poverty;global economic crisis;net present value;Natural Resource Management;machinery and equipment;risk of debt;export earnings;social outcome;budget deficit;
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