Vientiane (VNA) – Laos is on track to graduate from the group of least developed countries (LDCs) in 2026.
A resolution by United Nations acknowledging Laos’ eligibility reflects international recognition of the country’s sustained efforts and achievements over the past five decades under the leadership of the Lao People’s Revolutionary Party (LPRP).
Addressing a recent conference to disseminate and implement the Resolution of the 12th National Congress of the LPRP, Party General Secretary and President of Laos Thongloun Sisoulith described the recognition as a source of pride and honour for the Lao people as the country sheds the “least developed” label.
He underscored that 50 years of national development and 40 years of implementing the Party’s renovation policy, initiated by President Kaysone Phomvihane and the first generation of leaders, have delivered tangible results.
The Lao Politburo on April 11, 2024 issued Resolution No. 04 on building an independent and self-reliant economy. The strategy is considered key to meeting new development requirements and facilitating the country’s graduation from LDC status. It aims to create a new “economic immune system,” enhancing national resilience and enabling Laos to move forward on a more sustainable and self-sufficient footing rather than relying heavily on external support.
In the next four years, Laos will undergo a transition period while continuing to receive international cooperation and preferential support. During this time, the country will focus on strengthening internal capacity to lay a solid foundation for development beyond 2030.
Thongloun stressed that implementing Resolution No. 04 alongside the 12th National Party Congress Resolution will be crucial for overcoming challenges and advancing to higher stages of development. Amid rapidly evolving domestic and global conditions, he called for accelerated, effective and responsible implementation of the Party’s resolutions to ensure Laos maintains steady and sustainable progress in the years ahead./.
