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Pha That Luang in Vientiane, Laos

Pha That Luang in Vientiane, Laos

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

Japan International Cooperation Agency - JICA International Monetary Fund - IMF

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

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World Economic Outlook; Coping with High Debt and Sluggish Growth

WEO presentation by Mr. John Bluedorn in Vientiane; October 2012 click for more

Resilience in Emerging Market and Developing Economies: Will It Last

By Abdul Abiad, John Bluedorn, Jaime Guajardo, and Petia Topalova with support from Angela Espiritu and Katherine Pan; October 2012 click for more

The Global Economy and Lao PDR

Presentation by Sanjay Kalra at the Bank of Lao PDR; Vientiane, Lao PDR; July 5, 2012 click for more

The EU Crisis: Lessons Learned and Implications for the Lao PDR

Presentation by Sanjay Kalra at the Ministry of Planning and Investment High-Level Seminar; Vientiane, June 15, 2012 click for more

Regional Economic Outlook

Read the Regional Economic Outlook: Asia and Pacific discusses the near-term outlook for the region. In Laotian. click for more

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Lao People's Democratic Republic and the IMF

Statement by the Hon. Somphao Phaysith, Governor of the IMF for Lao People's Democratic Republic

October 10, 2014
PDF File Size: 514Kb click for more

Lao People's Democratic Republic: Staff Report for the 2013 Article IV Consultation

December 20, 2013
Series: Country Report No. 13/369 click for more

Press Release: IMF Executive Board Concludes 2013 Article IV Consultation with Lao People’s Democratic Republic

November 26, 2013

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 click for more

Press Release: IMF Concludes 2013 Article IV Mission to Lao P.D.R.

October 2, 2013

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Regional Economic Outlook: Asia and Pacific

image from the publication cover

Despite a weaker-than-expected first half of the year, the outlook for the Asia and Pacific region remains solid. The ongoing global recovery, while tepid, should support Asia's exports. Meanwhile, favorable financial and labor market conditions, as well as broadly accommodative policies, will continue to underpin domestic demand. GDP is forecast to grow by 5.5 percent for the third consecutive year in 2014, rising slightly to 5.6 percent in 2015. Financial dislocations associated with higher global interest rates, and protracted weak growth in advanced and emerging market economies are the main downside risks to the outlook. A sharper-than-anticipated downturn in China's real estate sector and less-effective-than-envisaged Abenomics in Japan would also adversely affect regional growth prospects. Geopolitical tensions could also disrupt trade and financial flows, with adverse effects on growth. Policymakers in the region should capitalize on the outlook to gradually rebuild policy space and push ahead with structural reforms to deliver sustainable growth. While there is no one-size-fits-all approach, fiscal consolidation should generally continue in a calibrated manner, especially where debt levels are higher, and monetary normalization should proceed particularly where inflation pressures are high or building up. Click for more