The IMF's Technical Assistance Office for the Lao PDR and the Republic of the Union of Myanmar (TAOLAM) provides training and technical assistance to Lao PDR and Myanmar to improve economic management and prospects for sustainable economic growth. It achieves this through responding rapidly and flexibly to country demand for high-quality technical assistance (TA) and training in improving their macroeconomic management.
At a Glance
- Opened in Bangkok, Thailand in September 2012
- TAOLAM's two external donors: Thailand and Japan
- The Bank of Thailand hosts the TA Office and provides support for its operations
- Four resident advisors in public financial management, monetary operations, external statistics, and macroeconomics are financed under projects supported by the Japan Administered Account for Selected IMF Activities (JSA)
- TAOLAM works closely with other IMF offices in the region involved in capacity building, including the Regional Office for Asia and the Pacific in Tokyo and the Singapore Training Institute
Bank of Lao PDR Hosts the Second Annual Meeting of the Advisory Committee for the IMF Technical Assistance Office for Lao PDR and Myanmar Press Release No. 15/537, November 24, 2015
The International Monetary Fund (IMF) Technical Assistance Office for the Lao People’s Democratic Republic and the Republic of the Union of Myanmar (TAOLAM) continues to expand the breadth and reach of its activities through a range of tailor-made capacity building projects. They mainly aim at strengthening macroeconomic frameworks, monetary and fiscal operations, and macro-statistics in the beneficiary countries in support of their own reform priorities. ... Read More
IMF Technical Assistance Moves to Strengthen the Capacity of Officials in South East Asia on Macro-Financial Linkages and Diagnostics, Press Release No. 15/203, May 8, 2015
The International Monetary Fund (IMF)’s Technical Assistance Office for Lao P.D.R. and Myanmar (TAOLAM) in cooperation with the IMF’s Singapore Regional Training Institute (STI) organized a workshop from May 5-6 in Bangkok, Thailand, to help officials from Cambodia, Lao P.D.R, Myanmar and Vietnam build capacity in the areas of macro-financial linkages and diagnostics. ... Read More
Regional Economic Outlook
While Asia’s growth has recently disappointed, the region is expected to grow at a steady 5.4 percent in 2015–16, remaining the global growth leader. Asia’s growth should benefit from relatively strong labor markets and disposable income growth along with the ongoing gradual recovery in major advanced economies. Across most major Asian economies, lower commodity prices should help consumption. Negative risks to growth dominate, especially the possibility of a sharper slowdown in China or larger spillovers from the changing composition of China’s demand. In addition, further U.S. dollar strength accompanied by a sudden tightening of global financial conditions, weaker growth in Japan, and weaker regional potential growth could also dim Asia’s growth prospects. High leverage could amplify shocks, and lower commodity prices will also hurt corporate investment in key commodity-producing sectors. All in all, despite its resilient outlook, Asia is facing a challenging economic environment. This calls for carefully calibrated macroeconomic policies and a renewed impetus on structural reforms to facilitate investment and improve economic efficiency, bolstering economic resilience and potential growth.