Business Insights Jul 19, 2024
Laos’ economic woes: A tale of debt and dependency
Laos is at a crossroads, grappling with a mounting debt crisis threatening its aspirations of becoming the region’s powerhouse. The small, developing nation embarked on an ambitious infrastructure spree, fuelled by substantial loans, primarily from China, through the Belt and Road Initiative. The goal was to transform Laos into the “battery” of Southeast Asia, with […]
By Gemma Iso