With fx reserves below $1bn, less than annual debt payments and recent downgrade to Caa2, Laos is on the brink of default. Last Asian sovereign to default was Myanmar in 2002. State owned electricity company has huge debts. China is major creditor.
ft.com/content/dc3f59… https://t.co/J9YElHcCCg
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
May 18, 2023
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…