According to the Ministry of Foreign Affairs, authorities informed the private sector, international organizations, and civil society about the transition plan to a higher development category during the period 2026-2029.
In this regard, the Director General of the Department of International Organizations, Moukdavanh Sisoulith, explained that Laos met the three criteria required by the United Nations for graduation.
These include gross national income per capita, the human capital index, and the reduction of economic and environmental vulnerability.
Furthermore, the government plan prioritizes macroeconomic stability, tax reform, strengthening trade and investment, and promoting green and sustainable growth. Authorities emphasized that the transition presents an opportunity to attract investment, strengthen economic competitiveness, and move toward greater self-sufficiency, without abandoning poverty reduction efforts.
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