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Future of Laos, its fiscal stability, hinges on China


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. ....

Krung Thep Mahanakhon , Adisorn Singhasacha , Fitch Zook , Peter Janssen , Jeremy Zook , People Bank , China Southern Power Grid Company , China Railway , Spine Group , Laos China Railway Company , Singapore Exchange , Southeast Asian , Asia Times , Export Import Bank , Lao China Railway , China Southern Power Grid , Southeast Asia , Twin Pine Group , பீட்டர் ஜான்சன் , ஜெர்மி ஜூக் , மக்கள் வங்கி , சீனா தெற்கு பவர் கட்டம் நிறுவனம் , சீனா ரயில்வே , பைன் குழு , லாவோஸ் சீனா ரயில்வே நிறுவனம் , சிங்கப்பூர் பரிமாற்றம் ,

Future of Laos, its fiscal stability, hinges greatly on China: Expert


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. ....

Krung Thep Mahanakhon , Adisorn Singhasacha , Fitch Zook , Peter Janssen , Jeremy Zook , People Bank , China Southern Power Grid Company , Spine Group , China Railway , Laos China Railway Company , Singapore Exchange , Southeast Asian , Asia Times , Export Import Bank , Lao China Railway , China Southern Power Grid , Southeast Asia , Twin Pine Group , பீட்டர் ஜான்சன் , ஜெர்மி ஜூக் , மக்கள் வங்கி , சீனா தெற்கு பவர் கட்டம் நிறுவனம் , பைன் குழு , சீனா ரயில்வே , லாவோஸ் சீனா ரயில்வே நிறுவனம் , சிங்கப்பூர் பரிமாற்றம் ,