The Bank of the Lao PDR reported that Deputy Governor Sulisak Thanuvong led a Lao PDR delegation to the 30th ASEAN Senior Level Committee on Financial Integration and related meetings in Yogyakarta, Indonesia, where ASEAN central banks reviewed regional macroeconomic conditions and the progress of ASEAN financial integration workstreams. The twice-yearly forum, co-chaired by the State Bank of Vietnam and Bank Indonesia for 2024–2026, brought together deputy governors from ASEAN central banks alongside the ASEAN Secretariat and international organisations including the Bank for International Settlements, the ASEAN+3 Macroeconomic Research Office and the Asian Development Bank. Discussion materials cited average ASEAN GDP growth of 4.4% for 2025, with Lao PDR’s 2025 growth also shown at 4.4% compared with 4.5% in 2024; ASEAN inflation was presented at 2.4% for 2025 versus 2.9% in 2024, with 2026 projected at 2.7%. The meeting also heard updates from working committees and task forces on the 2025 priority work plan and remaining challenges, with the Bank of the Lao PDR reporting in its capacity as co-chair representative of the ASEAN Working Committee on Financial Services Liberalization, and reviewed “Project Revive” findings aimed at streamlining governance and reporting across working committees. Co-chairs proposed that the next SLC meeting be held in the Philippines in early March 2026.
Bank of the Lao 2025-09-19
Bank of the Lao PDR joins ASEAN financial integration committee meeting and reports on financial services liberalisation work
The Bank of the Lao PDR joined the 30th ASEAN Senior Level Committee on Financial Integration in Yogyakarta, Indonesia, where ASEAN central banks reviewed regional macroeconomic conditions and financial integration progress. Discussions highlighted ASEAN GDP growth of 4.4% and inflation projections of 2.4% for 2025. The meeting also addressed updates on the 2025 priority work plan and "Project Revive" findings to streamline governance and reporting.