UN General Assembly
2014

The mid-term review of the implementation of the seventh five-year national socioeconomic development plan has shown that the Lao People’s Democratic Republic has made remarkable achievements in many areas, especially in maintaining a steady pace of economic growth, political stability and social order, thus ensuring that the Lao people of all ethnic groups can enjoy their legitimate rights and freedom and can actively participate in national development. That has laid a solid foundation for the country to move towards realizing its ultimate goal of graduating from the least developed country status by 2020. The achievements so far were made possible not only due to national efforts, but also through the support and cooperation extended by friendly countries and development partners, including international organizations, especially the United Nations system. Nevertheless, the Lao People’s Democratic Republic has also been affected by the global financial and economic crisis in recent years. That has given rise to major obstacles to national economic development as well as to the implementation of various development goals. In that regard, the Lao Government has taken