On 31 July, the Bank of the Lao PDR (BoL) suspended applications for new non-bank financial institutions in Vientiane Capital.
Effective from the announcement date onwards, the suspension applies to both domestic and foreign investors seeking to establish deposit-taking microfinance institutions, non-deposit-taking microfinance institutions, and pawnshops in the capital.
BoL said...
A former Australian teacher managing a coffee company and cafe in central Laos sees the scheme as key to alleviating poverty among hill tribes.
Derek...
