ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Laos' debt woes worsen as bills for China-funded dams loom

Coronavirus rattles first US dollar bond, adding pressure to weakened economy

BANGKOK -- COVID-19 has rattled Laos' debut in selling a U.S. dollar bond in international markets, adding pressure on a country whose "Wild West of dam building" splurge has put it in a precarious repayment situation, especially in regard to China, its leading lender.

Sources familiar with the banking system in Laos, one of Southeast Asia's poorest countries, say the government has adopted a "wait and see" stance before proceeding with the bond sale. "The central bank has still to confirm if the bond sale will go ahead this year," one source said.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more