## Statement by IMF Deputy Managing Director Kenji Okamura at the Conclusion of the 45th ASEAN Summit

_IMF News, October 11, 2024_

## Source details

**Canonical URL:** [Statement by IMF Deputy Managing Director Kenji Okamura at the Conclusion of the 45th ASEAN Summit](https://www.imf.org/en/news/articles/2024/10/10/pr24365-statement-by-imf-dmd-okamura-conclusion-45th-asean-summit)

## Other formats

- [Markdown version](/en/news/articles/2024/10/10/pr24365-statement-by-imf-dmd-okamura-conclusion-45th-asean-summit/index.md)
- [Structured JSON version](/en/news/articles/2024/10/10/pr24365-statement-by-imf-dmd-okamura-conclusion-45th-asean-summit/index.json)
- [Bundle manifest](/en/news/articles/2024/10/10/pr24365-statement-by-imf-dmd-okamura-conclusion-45th-asean-summit/bundle-manifest.json)

## Bibliographic details
- Published: October 11, 2024

---

### Visit and acknowledgements
- Mr. Kenji Okamura, Deputy Managing Director of the International Monetary Fund (IMF), participated in the 45th ASEAN Leaders’ Summit in Vientiane, Lao PDR.
- Expressed gratitude to President Thongloun Sisoulith, Prime Minister Sonexay Siphandone, and the Laotian government for "warm hospitality, excellent organization, and for the productive meetings."

### Regional macroeconomic assessment and projections
- "Growth in ASEAN economies is relatively strong, and inflation has declined."
- IMF projection: "We expect growth to increase modestly to 4.6 percent in 2024 relative to 4.1 percent in 2023, reflecting robust domestic demand, improvements in external demand, and a strong recovery in investment and tourism."
- Characterization of the global outlook: "The IMF’s projections show that the global economy is heading for a soft landing, but the economic environment remains risky and uncertain."

### Risks, resilience, and policy direction
- Summit theme highlighted: "Enhancing Connectivity and Resilience."
- Policy guidance: "To successfully navigate these pressures, it is important to strengthen ASEAN’s resilience with deft policy management."
- Integration recommendation: "Deepening regional integration will help growth momentum."

### IMF support and engagement
- The IMF's commitments: "The IMF is committed to supporting ASEAN with strategic policy advice, capacity development and lending when needed."
- Forward-looking engagement: "We look forward to continuing our dialogue with ASEAN policymakers during the IMF and World Bank Annual Meetings later this month in Washington, DC."

*Statement by IMF Deputy Managing Director Kenji Okamura at the Conclusion of the 45th ASEAN Summit, October 11, 2024.*

---


## References

- [Kenji Okamura](https://www.imf.org/en/About/senior-officials/Bios/kenji-okamura)
- [Press Releases](https://www.imf.org/en/news/searchnews)
- [PRESS CENTER](http://presscenter.imf.org/)
- [https://www.imf.org/en/home](https://www.imf.org/en/home)

_Source: https://www.imf.org/en/news/articles/2024/10/10/pr24365-statement-by-imf-dmd-okamura-conclusion-45th-asean-summit_