Lao PDR

 

The Lao PDR’s resource-based economy – driven by forestry, agriculture, hydropower, and minerals – is on a robust and impressive growth path. However, development has been uneven and poverty remains widespread. The government needs to adopt a sustainable, inclusive growth model so as to reduce poverty while implementing sound strategies for natural resource management to ensure that the country’s economic growth is environmentally sustainable. Infrastructure development will be essential to keep pace with the country’s fast economic growth and rapid urbanisation and thereby ensure that growth is sustainable and improves the welfare of the people as a whole.

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