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The staff report for the 2007 Article IV Consultation on the Lao People’s Democratic Republic (PDR) explains economic performance. Growth is robust and increasingly reliant on large export-oriented mining and hydropower projects. The economic outlook is promising, but the outcome clearly depends on the government’s policy response to the emerging resource bonanza. The current fiscal regimes for the resource sector have several sound features, but some improvements are needed to align them to best international practices.

Fiscal policy --- Monetary policy --- Monetary management --- Economic policy --- Currency boards --- Money supply --- Tax policy --- Taxation --- Finance, Public --- Government policy --- International Monetary Fund --- Internationaal monetair fonds --- International monetary fund --- Laos --- Lao People's Democratic Republic --- Sathalanalat Paxathipatai Paxaxôn Lao --- People's Democratic Republic of Laos --- République démocratique populaire Lao --- Lao PDR --- Lao-Issara --- Laosskai︠a︡ Narodno-Demokraticheskai︠a︡ Respublika --- Sāthālanalat Pasāthipatai Pasāson Lāo --- Phrarātsaʻānāchak Lāo --- LNDR --- Lanxang --- Lan Xang --- Lan Sang --- Lan Chang --- ʻĀnāchak Lāo --- RDP lao --- Sō̜. Pō̜. Pō̜. Lāo --- Sō̜pō̜pō̜ Lāo --- Lao P.D.R. --- Saathiaranarath Prachhathipatay Prachhachhon Lao --- Cộng hòa dân chủ nhân dân Lào --- Royaume du Laos --- French Indochina --- Economic policy. --- RDP Lao --- Banks and Banking --- Exports and Imports --- Foreign Exchange --- Macroeconomics --- Public Finance --- International Lending and Debt Problems --- Debt --- Debt Management --- Sovereign Debt --- Trade: General --- National Government Expenditures and Related Policies: General --- International economics --- Public finance & taxation --- Currency --- Foreign exchange --- Banking --- Public debt --- External debt --- Expenditure --- Export performance --- Exchange rates --- International trade --- Debts, External --- Debts, Public --- Exports --- Expenditures, Public