Caixin
Jun 29, 2022 08:52 PM
DAILY CHART

Charts of the Day: China Looms Large in Laos Debt Crisis

Laos could be teetering on economic collapse, triggering concerns of a sovereign default to creditors including China.

The Southeast Asian nation is suffering from mounting debt, rampant inflation and a plunging currency. Its struggles have been likened to Sri Lanka’s economic woes.

Public and publicly guaranteed debt in Laos has surged since 2019, reaching $14.5 billion last year, or 88% of its GDP. The ratio was much higher than its regional peers, according to preliminary estimates by the World Bank in an April report.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code
NEWSLETTERS
Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription
PODCAST