Laos has tightened controls on foreign borrowing as the government seeks to limit debt risks and reduce pressure on foreign-currency reserves and the Lao kip.
Under a new Bank of Laos decision issued in August, individuals and companies must obtain central bank approval before taking certain loans, guarantees, trade credits...
Laos has slipped down to a ranking of 113rd out of 141 surveyed countries in the annual Global Competitiveness Report 2019, while several neighboring...
