Tag
Laos debt
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![Inflation in Laos Reaches 22-Year High as Economic Crisis Worsens Inflation in Laos Reaches 22-Year High as Economic Crisis Worsens](https://thediplomat.com/wp-content/uploads/2022/07/sizes/thumbnail/thediplomat_2022-07-06-060039.jpg)
Inflation in Laos Reaches 22-Year High as Economic Crisis Worsens
By Sebastian Strangio
Ordinary people are struggling to keep pace with precipitous increases in the price of petrol, cooking oil, and other basic necessities.
![Laos Is On the Brink of Sovereign Bankruptcy Laos Is On the Brink of Sovereign Bankruptcy](https://thediplomat.com/wp-content/uploads/2022/06/sizes/thumbnail/thediplomat_2022-06-28-001620.jpg)
Laos Is On the Brink of Sovereign Bankruptcy
By Luke Hunt
Debt, wealth inequality, and corruption will keep the country poor.
![In Laos, Prime Minister Phankham Viphavanh Is In Trouble In Laos, Prime Minister Phankham Viphavanh Is In Trouble](https://thediplomat.com/wp-content/uploads/2022/06/sizes/thumbnail/thediplomat_2022-06-22-213207.jpg)
In Laos, Prime Minister Phankham Viphavanh Is In Trouble
By David Hutt
Since he took the reins last year, the country's economy has entered a downward economic spiral with no clear end in sight.
![Fuel Shortages Threatens Rural Crisis in Laos Fuel Shortages Threatens Rural Crisis in Laos](https://thediplomat.com/wp-content/uploads/2022/06/sizes/thumbnail/thediplomat_2022-06-03-073454.jpg)
Fuel Shortages Threatens Rural Crisis in Laos
By Sebastian Strangio
A candid report in a sedate state-run newspaper hints at the seriousness of the country’s economic problems.
![What’s Causing the Currency Crisis in Laos? What’s Causing the Currency Crisis in Laos?](https://thediplomat.com/wp-content/uploads/2022/05/sizes/thumbnail/thediplomat_2022-05-31-084215.jpg)
What’s Causing the Currency Crisis in Laos?
By James Guild
Mounting foreign liabilities and thin foreign exchange reserves have left the nation of 7 million acutely vulnerable to global financial shocks.
![Lao Economy Grinding to a Halt as Fuel Crisis Deepens Lao Economy Grinding to a Halt as Fuel Crisis Deepens](https://thediplomat.com/wp-content/uploads/2022/05/sizes/thumbnail/thediplomat_2022-05-11-004055.jpg)
Lao Economy Grinding to a Halt as Fuel Crisis Deepens
By Sebastian Strangio
A plummeting currency, dwindling foreign reserves, and a spike in global oil prices have led to shortages across the country.
![Laos Prepares to Welcome Foreign Tourists From January 1 Laos Prepares to Welcome Foreign Tourists From January 1](https://thediplomat.com/wp-content/uploads/2021/12/sizes/thumbnail/thediplomat_2021-12-20-055448.jpg)
Laos Prepares to Welcome Foreign Tourists From January 1
By Sebastian Strangio
The limited opening ends an 18-month shutdown that has had serious impacts on the country's economy.
![Laos-China Railway Inaugurated Amid Mounting Debt Concerns Laos-China Railway Inaugurated Amid Mounting Debt Concerns](https://thediplomat.com/wp-content/uploads/2021/12/sizes/thumbnail/thediplomat_2021-12-03-055003.jpg)
Laos-China Railway Inaugurated Amid Mounting Debt Concerns
By Sebastian Strangio
The $5.9 billion railway, an impressive feat of Chinese engineering, is set to tie Laos ever closer to its northern neighbor.
![Laos’ Austerity Fantasies Reveal the Communist Party’s Weaknesses Laos’ Austerity Fantasies Reveal the Communist Party’s Weaknesses](https://thediplomat.com/wp-content/uploads/2021/03/sizes/thumbnail/thediplomat-2021-03-26-2.jpg)
Laos’ Austerity Fantasies Reveal the Communist Party’s Weaknesses
By David Hutt
Ballooning external debt and growing fiscal deficits augur political storm clouds for the ruling LPRP.
![How Much Should We Worry About Laos’ Debt? How Much Should We Worry About Laos’ Debt?](https://thediplomat.com/wp-content/uploads/2020/12/sizes/thumbnail/thediplomat-2020-12-21-1.jpg)
How Much Should We Worry About Laos’ Debt?
By David Hutt
Laos has several options for dealing with its debt crisis, and none of them are palatable.
![How Worried Should Laos Be About Its Debt Problems? How Worried Should Laos Be About Its Debt Problems?](https://thediplomat.com/wp-content/uploads/2018/07/sizes/thumbnail/thediplomat-3368885784_078ed92826_b.jpg)
How Worried Should Laos Be About Its Debt Problems?
By David Hutt
The issue poses significant challenges for the Southeast Asian state’s future trajectory.
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