The Bank of the Lao published an update on Deputy Governor Surisak Thammavong’s participation in the ASEAN+3 Finance and Central Bank Deputies’ Meeting in Hong Kong Special Administrative Region, China, held on 26–27 November 2025. The meeting reviewed regional financial stability priorities, focusing on liquidity and funding arrangements to respond to potential crises, and included exchanges on member economies’ monetary and currency policy settings. Participants from ASEAN+3 finance ministries and central banks, alongside the ASEAN+3 Macroeconomic Research Office (AMRO), the International Monetary Fund and the Asian Development Bank, discussed and endorsed workstreams including strengthening multilateral cooperation under the Chiang Mai Initiative Multilateralisation (CMIM) to enhance the credibility of the facility during drawings; noting progress on ASEAN+3 regional financing arrangements; and supporting AMRO’s strategic plan, governance and operational implementation in its role as secretariat for the ASEAN+3 finance process. The agenda also covered forward priorities for the ASEAN+3 finance process, the Asian Bond Markets Initiative and developments on disaster risk financing. The meeting concluded with broad consensus and an agreement to continue cooperation on implementation plans aimed at reinforcing the region’s financial crisis prevention framework.
Bank of the Lao 2025-11-26
Bank of the Lao joins final 2025 ASEAN+3 deputies’ meeting to advance CMIM cooperation and regional financing work
The Bank of the Lao reported Deputy Governor Surisak Thammavong's participation in the ASEAN+3 Finance and Central Bank Deputies’ Meeting in Hong Kong, focusing on regional financial stability and liquidity arrangements. Discussions included strengthening cooperation under the Chiang Mai Initiative Multilateralisation and supporting AMRO's strategic plan. The meeting concluded with consensus on continuing cooperation to enhance the region's financial crisis prevention framework.