Economy

Laos, other debt-laden Asia-Pacific nations under pressure from strong dollar

ADB boosts funding for vulnerable countries amid debt trap fears

20240506N Laos Luang Prabang

Laos' weakening currency threatens faster food price inflation. (Photo by Kenya Akama)

YOHEI HIROSE and HANA SLEVIN OHAMA, Nikkei staff writers
May 7, 2024 04:13 JST

TOKYO/TBILISI, Georgia -- Currency weakness against the dollar has raised concerns that Laos and other vulnerable Asia-Pacific nations are at risk of falling into a debt crisis.

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