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 Government to Resolve Debt, Fuel, Currency Crises

The commitment to stabilizing the economy was one of 13 issues the cabinet identified as requiring immediate attention during a two-day open government meeting that ended on Friday.The government resolved to use various means to try to solve the problem of public debt, especially debt created by ...

Latsamy Phonevilay

 Laos’ economic growth robust, but at risk due to high public debt: WB

Economic growth in Laos has seen robust expansion compared to regional peers but the country is still at risk due to high public debt, with growth in the share of debt on less concessional terms, according to the latest edition of the World Bank’s Lao ...

Vientiane Times

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