## IMF Staff Completes 2023 Article IV Mission to Lao P.D.R.

_IMF News, February 8, 2023_

## Source details

**Canonical URL:** [IMF Staff Completes 2023 Article IV Mission to Lao P.D.R.](https://www.imf.org/en/news/articles/2023/02/08/pr2336-imf-staff-completes-2023-article-iv-mission-to-lao-pdr)

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## Bibliographic details
- Published: February 8, 2023

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### Mission timing, leadership, and participants
- Press Release No. 23/36
- Date: February 8, 2023
- Mission visit dates: January 26 to February 8, 2023
- Location of concluding meetings: Washington, DC (concluding meetings joined by IMF Deputy Managing Director Kenji Okamura)
- Mission Chief for Lao P.D.R.: Mr. Alasdair Scott
- IMF Communications Department — MEDIA RELATIONS press officer: Huong Lan Vu
  - Phone: +1 202 623-7100
  - Email: MEDIA@IMF.org
  - Twitter: @IMFSpokesperson
- Meetings held in Vientiane with:
  - Senior officials from Bank of the Lao P.D.R.
  - Senior officials from Ministry of Finance
  - Other government agencies
  - Private sector representatives

### Purpose, reporting, and institutional note
- Purpose: 2023 Article IV Consultation discussions covering macroeconomic developments, prospects and challenges, and policies to further the progress of the Lao P.D.R.
- Reporting process: Based on preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF's Executive Board for discussion and decision.
- Institutional disclaimer: The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board.

### Key preliminary findings and outlook highlights
- 2022: The global fight against inflation resulted in a difficult year for Lao P.D.R.
- 2023: Stronger economic activity in China due to re-opening is expected to lead to:
  - Greater demand for goods and services produced in Lao P.D.R.
  - More tourists coming to the country
- Global inflation: World inflation seems to have peaked.
- Risks: The world economy and Lao’s economy are not out of the woods yet, with risks to the global outlook remaining tilted to the downside.

### Engagement and acknowledgments
- IMF staff expressed thanks to the authorities for excellent discussions and their support during the Article IV visit.

*IMF press release — IMF Staff Completes 2023 Article IV Mission to Lao P.D.R., February 8, 2023*

---


## References

- [Lao People's Democratic Republic and the IMF](http://www.imf.org/external/country/LAO/index.htm)
- [IMF Policy Advice -- A Factsheet](https://www.imf.org/en/about/factsheets/imf-surveillance)
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_Source: https://www.imf.org/en/news/articles/2023/02/08/pr2336-imf-staff-completes-2023-article-iv-mission-to-lao-pdr_