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Source: The Lao People's Democratic Republic : Systemic Transformation and Adjustment

Series: Occasional Papers

Author(s): Ichiro Otani , and Chi Pham

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 May 1996

ISBN: 9781557755605

Keywords: banking, exchange rate, foreign exchange, privatization, foreign investment

Faced with a steadily worsening economy, the government of the Lao Peoples Democratic Republic took its first steps toward reforming its centrally planned economy in December 1979. The reform process gathered momen...