Lao People's Democratic Republic Resident Representative Site
Resident Representative Office in Lao People's Democratic Republic
This web page presents information about the work of the IMF in Lao People's Democratic Republic, including the activities of the IMF Resident Representative Office. Additional information can be found on the Lao People's Democratic Republic and IMF country page, including IMF reports and Executive Board documents that deal with Lao People's Democratic Republic.
IMF-JICA High-Level Conference on Economic Transformation and Inclusive Growth in Frontier Asia
The International Monetary Fund (IMF) and the Japan International Cooperation Agency (JICA) held a conference on January 28, 2013, in Bangkok, Thailand, to discuss how Frontier Asia can move up the development ladder while ensuring that growth and jobs creation benefits all segments of society.
The conference was addressed by IMF Deputy Managing Director Naoyuki Shinohara, and included ministers, central bank governors and senior officials from Bangladesh, Bhutan, Cambodia, Lao PDR, Maldives, Mongolia, Myanmar, Nepal, Timor-Leste, and Vietnam. The Kyrgyz Republic also participated, and Bank of Thailand Governor Prasarn Trairatvorakul offered opening remarks.
Conference website: www.imf.org/frontierasia (includes papers presented).
See also: Conference program and press release.
News — Highlights
Lao People's Democratic Republic and the IMF
Press Release: IMF Executive Board Concludes 2013 Article IV Consultation with Lao People’s Democratic Republic
Statement by the Hon. Phouphet Khamphounvong, Governor of the World Bank for the Lao People's Democratic Republic
October 12, 2013
PDF File Size: 357Kb
Press Release: Statement by IMF Deputy Managing Director Naoyuki Shinohara at the Conclusion of his visit to Lao P.D.R.
Regional Economic Outlook: Asia and Pacific
Asia has not been spared by the recent re-pricing of financial assets in emerging markets, encountering a wave of capital outflows in the past few months. The overall impact has, so far, been manageable although some countries have been subject to greater stress. Tighter global liquidity— and homegrown structural impediments in some countries—will weigh on growth, but for most economies the impact should be partly offset by a gradual pickup in exports to advanced economies and resilient domestic demand. If, however, conditions tighten further we are likely to see even greater differentiation across the region. Those with strong fundamentals and policy credibility will be able to offset imported tightening through lower policy rates and fiscal support. Others that have delayed reforms, left fiscal vulnerabilities untackled, or tolerated too-high inflation may be forced to respond with a procyclical policy tightening. Announcing credible medium-term reforms would rebuild confidence and ease policy trade-offs.