World Bank urges Laos to let kip follow market

VIENTIANE (Vientiane Times/ANN) – The World Bank has recommended that Laos let its currency follow the market as other nations cut interest rates in the wake of the US-China trade dispute.

World Bank Senior Economist, Mr Somneuk Davading, gave the advice during the launch of the latest edition of the Bank’s Lao Economic Monitor on Monday, which followed the US Federal Reserve’s cut in the interest rate to counter the impacts from trade tensions.


Somsack Pongkhao