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Future of Laos, its fiscal stability, hinges on China
03 Jul 2021, 15:27 GMT+10
Bangkok [Thailand], July 3 (ANI): The Southeast Asian nation of Laos is struggling to meet its debt obligations amid sovereign downgrades and depleted foreign reserves.
Peter Janssen, writing in Asia Times said that the future of the country s economy, and its fiscal stability, hinges greatly on mainland China.
This week Laos redeemed a USD 150 million bonds listed on the Singapore Exchange, chipping away only slightly at its ballooning external debt owed over the next five years, reported Asia Times.
Moody s and Fitch credit rating agencies both downgraded Laos sovereign ratings last year in response to the nominally communist country s escalating public debt, declining foreign exchange reserves and concerns about potential defaults on debts coming due, reported Asia Times.
The Southeast Asian nation of Laos is struggling to meet its debt obligations amid sovereign downgrades and depleted foreign reserves. Peter Janssen, writing in Asia Times said that the future of the country s economy, and its fiscal stability, hinges greatly on mainland China. This week Laos redeemed a USD 150 million bonds listed on the Singapore Exchange, chipping away only slightly at its ballooning external debt owed over the next five years, reported Asia Times. Moody s and Fitch credit rating agencies both downgraded Laos sovereign ratings last year in response to the nominally communist country s escalating public debt, declining foreign exchange reserves and concerns about potential defaults on debts coming due, reported Asia Times.
Manifestantes fazem ato contra o governo Bolsonaro em Porto Velho
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