‘Laos will not slide into default’, PM assures National Assembly


National Assembly members making comments on reports delivered by the government. - VT

VIENTIANE (Vientiane Times/Asia News Network): Prime Minister Phankham Viphavanh has told the ongoing sitting of the National Assembly that the government will strive to repay public debt to prevent Laos from going into default.

Laos is facing financial and economic difficulties after years of accumulating debt that has now reached a critical level.

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Laos , default , debt , assembly

   

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