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
Chinese dams ramp up Lao external debt
BANGKOK — In its rush to become the “battery” of Southeast Asia, Laos is accepting more Chinese loans to build dams, ensuring the already debt-strapped country falls ever deeper into China’s pocket. More ...
MARWAAN MACAN-MARKAR