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Laos faces sovereign default as forex reserves dip below $1bn

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Laos Faces Sovereign Default As Forex Reserves Dip Below $1bn

03/09/202003/09/2020 J&C Admin 582 Views Electricite du Laos (EDL), Fitch Rating Laos, Foreign currency reserves Laos, Moody Rating Laos

The country’s foreign exchange reserves have fallen below $1bn, less than Laos’ annual debt payments