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Laos central bank shake-up reveals forex crisis, China dependence
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Is the Lao State Collapsing?
The current economic crisis has hollowed out the capacity of an already weak state apparatus. It was quite an admission. Late last month, Laos’ Ministry of Energy and Mines said that almost half of the country’s mining companies have failed to meet industry standards and comply with regulations or contractual obligations. Yet, the apparent message […]