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Laos accelerates economic growth actions

Vientiane, Dec 22 (Prensa Latina) Laos intensified preparations today to leave the UN's list of Least Developed Countries in 2026, focusing on reducing dependence on financial aid and promoting growth through investment.

According to the Ministry of Foreign Affairs, authorities informed the private sector, international organizations, and civil society about the transition plan to a higher development category during the period 2026-2029.

In this regard, the Director General of the Department of International Organizations, Moukdavanh Sisoulith, explained that Laos met the three criteria required by the United Nations for graduation.

These include gross national income per capita, the human capital index, and the reduction of economic and environmental vulnerability.

Furthermore, the government plan prioritizes macroeconomic stability, tax reform, strengthening trade and investment, and promoting green and sustainable growth. Authorities emphasized that the transition presents an opportunity to attract investment, strengthen economic competitiveness, and move toward greater self-sufficiency, without abandoning poverty reduction efforts.

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