Laos Targets Upper-Middle-Income Status by 2035 Through Growth and Fiscal Reform

2026-01-30 - 11:18

The Lao government has reaffirmed its long-term development ambitions, linking sustained economic growth and tighter fiscal management to a goal of reaching upper-middle-income status by 2035. Speaking at the 2025 financial performance review and 2026 policy direction meeting on 29 January, Minister of Finance Santiphap Phomvihane told state media that Laos aims to reach upper-middle-income