Laos central bank ignores IMF advice

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The Bank of the Lao People's Democratic Republic (PDR) in a report about the recent International Monetary Fund's visit to the central bank revealed advice to increase the reserve requirements for banks in the country will not be followed in the near future.

A media report distributed by the central bank said the IMF had "expressed concern" about rapid credit growth in the country. However, the governor of the central bank, Somphao Phaysith, said he felt that increasing the reserve requirement

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