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Laos - Financial Management Adjustment Credit Project (Inglês)

The Financial Management Adjustment Credit Project will support the implementation of the country's current reform program, through the following components: 1) the public sector reform component will support improved budget planning, streamline budget execution, and control as well, a transparent budget process. Also supported by this component is natural resources management; 2) the state-owned enterprise (SOE) component focuses on strengthening oversight of financial, and operational performance of SOEs, enterprise restructuring, and rationalizing the regulatory framework. Relevant issues in the power sector are also addressed in this component; and, 3) the financial sector component seeks to stabilize the financial conditions of the banks, to strengthen them, and to launch micro-rural finance for poverty reduction. Nonetheless, potential risks may occur due to insufficient political will to complete reforms, to lack of capacity and weak administrative incentives to improve performance, and, to the possible political backlash from electricity tariff, and other SOE price liberalizations. However, benefits outweigh potential risks, and, efforts to minimize risks include strong commitments to reform, technical assistance to be provided under the Financial Management Capacity Building Project, and, close collaboration with the International Monetary Fund and major bilateral donors.


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  • País

    República Democrática Popular do Laos,

  • Região

    Leste Asiático e Pacífico,

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  • Nome do documento

    Laos - Financial Management Adjustment Credit Project

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    delivery of health care services;access to safe drinking water;World Bank Group Strategy;rate of poverty reduction;Management of Natural Resources;skill need;sale of government security;flexible exchange rate system;interest rates on loan;legal framework for insolvency;social and economic development;early stage of development;Macroeconomic Stability;banking sector;poverty reduction objective;foreign direct investment;current account balance;government's reform program;foreign investment law;international good practice;current account deficit;maintenance of assets;stable exchange rate;Natural Resource Management;flow of resource;inflation;budget execution;public expenditure;monetary policy;budget plan;chart of account;Exchange rate policies;foreign currency risk;exchange rate policy;loan loss provision;Public Expenditure Management;skilled human resource;classification of loans;foreign exchange revenue;stable economic growth;role of state;measurement of poverty;incentive for bank;private job creation;generation of electricity;national power utility;independent power producer;environmental protection law;combination of factor;competitiveness of enterprises;joint venture partner;lack of competition;international accounting standard;public decision-making process;public sector reform;gdp growth rate;gross national income;series of workshops;low poverty rate;high poverty incidence;system Financial;exchange rate depreciation;poverty reduction action;bulk of revenues;cost of capital;machinery and equipment;sustainable resource management;poor rural population;loss of biodiversity;protection of biodiversity;impact on poverty;investments in infrastructure;reduction in poverty;loss of confidence;local political force;forest law enforcement;water supply sector;budget for education;composition of expenditure;grass root level;sustainable fiscal deficit;international financial institution;risk of poverty;Public Financial Management;prudent fiscal management;strengthening budget execution;budget preparation procedure;expansionary fiscal policy;current account imbalance;budget deficit;commercial bank;stabilization program;banking system;macroeconomic framework;budget planning;forestry sector;Budget Management;fiduciary responsibility;financial loss;medium-term framework;state enterprises;public resource;government revenue;financial crisis;timber harvest;Fiscal policies;capacity constraint;gini coefficient;rural area;Energy Sector;enterprise restructuring;capital expenditure;price liberalization;external demand;thai baht;fiscal transparency;capital spending;Financial Sector;recovery rate;international standard;state sector;tariff setting;budgetary resource;industrial value;financial risk;bank accounting;financing requirement;prudential regulation;support policy;political objective;executive power;financing program;Financing programmes;liquid asset;price stability;tax deduction;socio-economic development;weak framework;accounting law;financial information;internal evaluation;pricing policy;environmental sustainability;institutional model;gender equity;grace period;budget process;operational performance;lending rate;price signal;id number;judicial system;Rural Poor;total employment;financial control;budget expenditure;reform objectives;improved public;tariff regime;income inequality;gini index;Poverty Measurement;financial covenant;government action;investor confidence;poverty focus;insolvency framework;annex annex;prudential rule;participatory management;repayment rate;forestry resource;contingent liabilities;contingent liability;business opportunity;Environmental Assessment;total credit;financial resource;development policy;project risk;Market Risk;statistical appendix;money lender;largest outreach;young people;legislative act;sustainable microfinance;seeking compliance;internal auditor;Trade Policies;Trade Policy;financial intermediation;viable bank;Enterprise Development;reform effort;private investment;infrastructure sector



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