By Toshiro Nishizawa

East Asia Forum-Aug 25, 2022

Laos faces unprecedented financial difficulties, including US$14.5 billion worth of public and publicly guaranteed debt — around half of which is owed to China. But unlike Sri Lanka, there is no chance that Laos will default on its external debt obligations. China, its largest creditor and political ally, will not let Laos default.

Read more at: https://www.eastasiaforum.org/2022/08/25/claims-of-default-in-laos-are-bankrupt/#more-1135622 First published in East Asia Forum