BusinessChinaFinance - Banking - MoneyGovernmentInvestmentsLao Economy

Debt-Ridden Laos Living On Borrowed Money

Source: Aljazeera

The current turmoil in the Asian markets, which has been going on 20 years after a much bigger disaster: the Asian financial crisis, began with the collapse of Thailand‘s currency – the Baht – and spread across East Asia.

One of the contributing factors was high public debt in the affected countries, including Laos.

Now, there are similar warnings about governments in the region borrowing too much money.

Al Jazeera’s Wayne Hay reports from the Laotian capital, Vientiane.


J&C Services, an independent insurance broker and a Top Gold agent of Toko Assurance in Laos, is offering customer-specific solutions to our clients, while providing at the same time the most competitive premiums.
Try us and be surprised how much we differ if compared to other providers ! / / 020 77 100 200