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: Bank of Lao PDR Hosts the Second Annual Meeting of the Advisory Committee for the IMF Technical Assistance Office for Lao PDR and Myanmar
October 9, 2015
PDF File Size: 539Kb
Press Release: IMF Technical Assistance Moves to Strengthen the Capacity of Officials in South East Asia on Macro-Financial Linkages and Diagnostics
Press Release: IMF Executive Board Concludes Article IV Consultation with Lao People’s Democratic Republic
Regional Economic Outlook: Asia and Pacific
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.