The Lao economy has been seriously impacted by rising inflation and the deterioration of the national currency, the kip. These problems have been caused by longstanding structural vulnerabilities, and can only be corrected by medium- to long-term reform efforts.
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The International Fund for Agricultural Development (IFAD) and the Lao Government has committed to improving nutrition in rural areas with US$85.29 million pledged for the effort.
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The National Assembly (NA)’s Standing Committee on Monday approved the replacement of three ministers in the latest cabinet reshuffle, following a proposal made by the Prime Minister.
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