Microfinance Sector in Lao PDR: Sustainable Financial Development and Poverty Reduction

Phommavongsa Savannakone (2021) Microfinance Sector in Lao PDR: Sustainable Financial Development and Poverty Reduction. Külkereskedelmi Kar.

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Absztrakt (kivonat)

In this dissertation, the author has researched the microfinance sector which has recently drawn attention in both public and private area, especially Government of Laos sees the importance of this sector and address the microfinance institutions to contribute to Financial Inclusion by outreaching access to financial services for the rural population of Laos, this is considered as the urgent task in poverty reduction of the National Development Plan. In addition, the sustainable development and the national performance on economic and social indicators that Laos has progressed are introduced in this research study and the ambitious goals that the Government of Laos has placed a high value on graduation from Least Developed Country 2024. The key finding of this research focuses on the challenges and obstacles which hinder Lao microfinance practices to meet the increasing demand of the target groups (poor and low-income population) in providing access to financial sources. Introducing the foreign and international aids in terms of project implementation, for instance, the cooperation with Luxembourg to establish the Village Credit Schemes with a large amount of funded budget, there is existing potential that the project will improve the community livelihoods in local regions. The study has highlighted the importance of Fintech, where nowadays, the Government of Laos has encouraged financial institutions to invest. Because Laos is an emerging country, Fintech will help to boost account penetration and economic growth. Despite the global crisis of COVID-19, Laos can become a Middle-Income Country in the future.

Intézmény

Budapesti Gazdasági Egyetem

Kar

Külkereskedelmi Kar

Tanszék

Nemzetközi Gazdaságtan Tanszék

Tudományterület/tudományág

NEM RÉSZLETEZETT

Szak

Nemzetközi gazdálkodás

Mű típusa:	diplomadolgozat (NEM RÉSZLETEZETT)
Kulcsszavak:	economic developement, financial inclusion, microfinance, southeast asia, sustainable development
SWORD Depositor:	Archive User
Felhasználói azonosító szám (ID):	Archive User
Rekord készítés dátuma:	2021. Szep. 23. 10:52
Utolsó módosítás:	2021. Szep. 23. 10:52

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