VIENTIANE -- In its largest restructuring in decades, Laos is merging major ministries to cut costs as one of Southeast Asia's poorest nations grapples with high inflation and debt payments, half of them to China.
Politics
Laos merges ministries in major shakeup as economy struggles
Move driven by high inflation and China debt pressure, experts say
Laos will cut the number of ministries and civil servants 'through various approaches,' as spending on government salaries takes up much of the national budget. (Photo by Anton L. Delgado)
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