01848cas a2200241 a 4500 AALejournalIMF014084 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484319178 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Asia and Pacific Dept. Lao People's Democratic Republic : Staff Report for the 2013 Article IV Consultation. Washington, D.C. : International Monetary Fund, 2013. 1 online resource (67 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This 2013 Article IV Consultation highlights that over the past year, the economy of the Lao People's Democratic Republic has been overheating from expansionary macroeconomic policies. The fiscal deficit is estimated to have widened to 6 1\2 percent of GDP, mainly fro'm a doubling of public sector employee compensation and higher capital spending. Government liquidity is tight, and wage and other arrears of 2-3 percent of GDP have emerged. Monetary policy has been accommodative, and credit growth remains vigorous. Although medium-term growth prospects remain favorable, based on robust natural resource exports and post-WTO expansion in the nonresource sectors, heightened vulnerabilities have subjected the outlook to considerable uncertainty. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2013/369 Full text available on IMF http://elibrary.imf.org/view/journals/002/2013/369/002.2013.issue-369-en.xml IMF e-Library