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Challenges and Implementation of Financial Institutions Development Policy in Laos on 2016-2020

Author

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  • Maliny Sourigna
  • Shuzhen Zhu
  • Syed Ahtsham Ali

Abstract

This study focuses on the financial system development policy in 5 years of the Lao PDR which referring to "Lao strategic financial system development plan 2016-2025 and vision to 2030". The main policies include the upgrading and implementation of the supervision system, innovation in financial infrastructures with effective risk management, develop and stabilize banking system and non-banking financial institutions. Increasing number of the listed company and financial products creates diversification in the capital market. From the synthesizer environment and current situation of financial development in the country, the policy implementation challenges are analyzed from empirical environment of financial system in the country. Additionally, other challenges on supervision tools, under capitalization, less product types, small size of capital market, and risk management challenge which came from unconnected information system and uncompleted of related institutions are also discussed. Moreover, effective policy to address the challenges and the missing points for further policies are also discussed.

Suggested Citation

  • Maliny Sourigna & Shuzhen Zhu & Syed Ahtsham Ali, 2018. "Challenges and Implementation of Financial Institutions Development Policy in Laos on 2016-2020," International Business Research, Canadian Center of Science and Education, vol. 11(1), pages 115-123, January.
    • Handle: RePEc:ibn:ibrjnl:v:11:y:2018:i:1:p:115-123
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    References listed on IDEAS

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    3. Inpaeng Sayvaya & Phouphet Kyophilavong, 2015. "Does microfinance reduce poverty in Lao PDR?," International Journal of Development Issues, Emerald Group Publishing Limited, vol. 14(3), pages 215-230, September.
    4. Arnold, Bruce & Borio, Claudio & Ellis, Luci & Moshirian, Fariborz, 2012. "Systemic risk, macroprudential policy frameworks, monitoring financial systems and the evolution of capital adequacy," Journal of Banking & Finance, Elsevier, vol. 36(12), pages 3125-3132.
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    More about this item

    Keywords

    laos; financial institutions; system stability; development policies;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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