The Bank of the Lao PDR and the ASEAN+3 Macroeconomic Research Office held a seminar on the Chiang Mai Initiative Multilateralisation, focusing on how the regional financing arrangement can address short-term liquidity shortages and help prevent financial crises in ASEAN+3 economies. Discussions covered the transition toward actual capital contributions to fund regional lending under the CMIM agreement, access to CMIM financial instruments and the process for activating financing. More than 30 representatives from the central bank and the Ministry of Finance attended the event, which ran from July 21 to 22.
Bank of the Lao2026-07-22
Bank of the Lao PDR and AMRO hold seminar on CMIM financing and crisis support
The Bank of the Lao PDR and AMRO held a seminar on using the Chiang Mai Initiative Multilateralisation to address short-term liquidity shortages and prevent financial crises. Discussions covered capital contributions, access to CMIM instruments and procedures for activating financing.