The sector focus for this issue concernsschool based management, current conditions andrecommendations for the future. Lao PDR's educationsystem faces challenges in meeting its goals of providingall students with access to education and improving learningoutcomes. The study presents a framework explaining howschool based management can help improve education quality.The Lao economy is estimated to grow at 8.1 percent in 2013,fueled by a vibrant resource sector, continued FDI-financedinvestment in hydropower, and accommodative macro economicpolicies. Growth is projected to moderate to 7.2 percent in2014, reflecting a small projected slowdown in some realsectors, mainly mining and construction. Inflationarypressures, mainly through food prices, are not showing signsof dissipating by end 2013. In FY12/13, the fiscal deficitwidened markedly due to a combination of a large increase inpublic sector wages and benefits, and a decline in grantsand mining revenues. The FY13/14 budget plan indicates anarrower fiscal deficit of about 4.3 percent. The risk ofdebt distress remains moderate, according to the recentJoint IMF-World Bank Debt Sustainability Analysis (DSA)2013. While the Bank of Lao PDR maintains nominal exchangerate stability of the Lao kip against major currencies,foreign exchange policy should probably give moreconsideration to reserve management and competitiveness.Foreign exchange reserves and net foreign assets continuedto fall in the third quarter of 2013.
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