Laos Debt at ‘Critical Level’ with China Payments Still Opaque
Laos’ public and publicly guaranteed debt stands at 123% of GDP as of 2023, according to the International Monetary Fund.
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Lao debt burden
50 Percent Of World’s Poorest Need Debt Relief To Prevent Major Crisis
Fifty-four developing economies, including Laos, that account for more than half of the world’s poorest people need urgent debt relief as a result of cascading global crises
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Why China Can’t Let Laos Default
Laos faces intensifying economic and financial crises and there is likely no way out without some form of a Chinese bailout or debt forgiveness.
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Lao Economy Grinding To A Halt As Fuel Crisis Deepens
A plummeting currency, dwindling foreign reserves, and a spike in global oil prices have led to shortages across the country.
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