News

China-indebted Laos way more broke than advertised

Laos’ public debt could climb to nearly 95% of GDP by the end of 2022, making it one of the most heavily indebted and mostly likely to default nations in Asia, according to World Bank estimates published this month.Significantly, the World Bank’s already dire debt ...

DAVID HUTT

Laos can 'manage' debt to China, PM insists

TOKYO — Laos borrows from China and other countries only for projects that are both necessary and economically viable, the country’s prime minister said on Friday, pushing back against international warnings about his government’s debt to Asia’s emerging superpower.“If we don’t borrow, Laos, as a ...

Nikkei editor
https://asia.nikkei.com/Spotlight/The-Future-of-Asia-2019/Laos-can-manage-debt-to-China-PM-insists

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