The Bank of the Lao PDR published an update on a bilateral working meeting with the Ministry of Finance focused on strengthening coordination and resolving operational issues linked to implementing the 2025 budget plan and monetary plan. Chaired jointly by a Deputy Governor of the Bank of the Lao PDR and the Minister of Finance, the meeting reviewed progress against outcomes from the previous session and discussed priority workstreams including consolidating state budget funds through a Treasury Single Account (TSA) at the central bank, collecting state budget revenues in LAK, arrangements relating to the Bank of the Lao PDR’s foreign currency reserves for the Ministry of Finance, and implementation issues related to import valuation and importing units. Both sides agreed to continue translating the agreed actions into practical implementation going forward.
Bank of the Lao 2025-02-07
Bank of the Lao PDR meets Ministry of Finance to advance Treasury Single Account implementation and LAK-based budget revenue collection
The Bank of the Lao PDR and the Ministry of Finance held a bilateral meeting to enhance coordination on the 2025 budget and monetary plans. Key discussions included consolidating state budget funds via a Treasury Single Account, managing foreign currency reserves, and addressing import valuation issues. Both parties committed to advancing the agreed actions into practical implementation.