Lao Economy Starts to Stabilize Amid Stringent Monetary Policy
(MENAFN) The Lao economy is beginning to stabilize, particularly in the currency and monetary sectors, as a result of determined actions by the government, according to Phetsathaphone Keovongvichith, director general of the Banking Operations Department at the Bank of the Lao PDR.
On Thursday, a state-run newspaper cited Phetsathaphone, who said that the Lao authorities have actively tackled economic and financial difficulties by steering critical sectors—especially banking—toward reform.
Efforts have included implementing a stringent monetary policy, enhancing oversight of foreign exchange, introducing updated regulations on export revenues, and launching the Lao Foreign Exchange platform. Together, these measures have helped boost liquidity and promote monetary stability.
Phetsathaphone noted that since the end of 2024, Laos has experienced significant progress in the financial and monetary landscape. Inflation, which averaged 31.23 percent in 2023, fell to 23.13 percent in 2024, and then declined further to 11.21 percent in March and 11.1 percent in April 2025. The exchange rate has also held steady, with the Lao kip showing gradual strengthening. Additionally, the management of export proceeds has seen considerable improvement.
These positive developments, he said, reflect the consistent implementation of monetary policies set by the Lao People's Revolutionary Party, the Lao National Assembly, the government, and the central bank.
The report called on individuals across all sectors to join forces and intensify their contributions toward national goals, with a focus on overcoming economic, financial, and monetary hurdles to restore stability as quickly as possible.
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