Is Laos Vulnerable to China's Debt Trap Diplomacy?

Wednesday, 10 July 2024, 11:27

Laos is currently struggling with a debt crisis, with over 75% of its total debt owed to China amounting to $10.5 Billion. Recent figures show a significant rise in debt repayments, surpassing a billion dollars last year. The country's decision to transfer control of essential infrastructure to China raises concerns about the potential consequences of falling into China's debt trap diplomacy. Is Laos on the brink of succumbing to this growing financial challenge?

Firstpost — Is Laos Vulnerable to China's Debt Trap Diplomacy?

Laos Debt Crisis and China Influence

Laos faces a severe debt crisis, with the majority of its debt owed to China, totaling $10.5 Billion.

Escalating Debt Repayments

The country's debt repayments soared to over a billion dollars in the past year.

Control Transfer to China

Concerns arise as Laos entrusts control of critical infrastructure to China amid its debt struggles.

Will Laos Succumb to China's Debt Trap Diplomacy?

With the increasing debt burden and strategic agreements with China, Laos's financial stability is under scrutiny.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Laos Debt Crisis and China Influence

Escalating Debt Repayments

Control Transfer to China

Will Laos Succumb to China's Debt Trap Diplomacy?

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