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Second Financial Sector Program in the Lao People's Democratic Republic

Second Financial Sector Program in the Lao People's Democratic Republic

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08/24/2014

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Performance Evaluation Report
 ____________________________________________________________________________ Project Number: PPE: LAO 26563Loan Number: 1458-LAO (SF)February 2006
Lao People’s Democratic Republic:Second Financial Sector Program
 
Operations Evaluation Department
Asian Development Bank 
 
ASIAN DEVELOPMENT BANKOperations Evaluation Department
 
PROGRAM PERFORMANCE EVALUATION REPORTFORLAO, PEOPLE’S DEMOCRATIC REPUBLIC
 
In this electronic file, the report is followed by Management’s response.
 
 
CURRENCY EQUIVALENTS
Currency Unit
 – kip (KN)
ABBREVIATIONS
NOTES
 (i) In this report, “$” refers to US dollars.(ii) The fiscal year (FY) of the Government ends on 31 December. “FY”before a calendar year denotes the year in which the fiscal year ends.Director General B. Murray, Operations Evaluation Department (OED)Director D. Edwards, Operations Evaluation Division 2, OEDTeam leader H. Feig, Principal Evaluation Specialist, OEDTeam members J. Dimayuga, Evaluation Officer, OED A. Silverio, Operations Evaluation Assistant, OED
Operations Evaluation Department, PE-678At Appraisal
(1 July 1996)
At Project Completion
(30 April 2001)
At Operations Evaluation
(31 October 2005)KN1,000 = $1.049 = $1.179 = $0.093$1.00 = KN9,530 = KN8,482.5 = KN10,800 ADB Asian Development Bank APB Agricultural Promotion BankBCEL Banque pour le Commerce Extérieur LaoBOL Bank of Lao PDRBSRP Banking Sector Reform ProgramDMC developing member countryESAF Enhanced Structural Adjustment FacilityFSPL I First Financial Sector Program LoanGDP gross domestic productIFI international financial institutionLao PDR Lao People’s Democratic RepublicLDB Lao Development BankLMB Lao May Bank Ltd.LXB Lane Xang Bank Ltd.MOF Ministry of FinanceNPL nonperforming loanOEM operations evaluation missionPCR project completion reportPPER program performance evaluation reportRRP report and recommendation of the PresidentSAC III Third Structural Adjustment CreditSCB state commercial bankSOE state-owned enterpriseSSO Social Security OrganizationTA technical assistance

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