Lao People’s Democratic Republic
In reviewing the achievements under the previous development plan, the Lao PDR
Ministry of Planning and Investment (2011) noted that “including all sectors in
an economy can promote faster and more inclusive economic growth, and bring
about change.” The current development plan for 2011–2015 does not explicitly
base the development strategy on the concept of inclusive growth. Nevertheless,
the plan outlines various strategies and measures that support an inclusive growth
strategy. The economy is projected to grow at more than 8% per year, and per
capita GDP is expected to reach $1,500 in current prices by 2015. The plan calls
for reducing the poverty rate to less than 19% and the percentage of poor households
to less than 10% by 2015. It also aims to reduce unemployment to less
than 2%.