By: DALaM, LIWG, GAPE and VFI
The policy of Turning Land Into Capital (TLIC) aimed at monetizing natural resources in order to:
- Fund improvements to infrastructure
- Facilitate local economic development
- Decrease state expenditures
- Generate additional government revenues
However, after ten years of the TLIC policy those aims remain largely unrealized. Analysis of TLIC, in theory and in practice, reveals that it has been implemented and interpreted unevenly. Furthermore, the assessment of its performance and impact on the ground has proven to be complicated given a recurrent lack of available data. Yet TLIC is here to stay, therefore a thorough analysis of TLIC should be undertaken to guide its reform so it can achieve its goals for the benefit of both the state and the Lao people.
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