Lao govt intends to repay debts owed to firms, amid Covid-19 crisis


Laos Prime Minister Thongloun Sisoulith. - VT/ANN

VIENTIANE (Vientiane Times/ANN): The government is committed to repaying its debts to private enterprises for the rest of this year to maintain financial liquidity of these companies and to enable them overcome economic hurdles.

The money will be mobilised from various sources, including issuing bonds and shifting the government’s debts owed to private companies to commercial banks.

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Laos , government , debts , companies , repay

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