Remittances an important source of income for Laos economy

Remittances an important source of income for Laos economy. - Laotian Times

VIENTIANE, Dec 19 (Vientiane Times/ANN): Remittances have been increasingly recognized as an important source of income in Laos, particularly this year, as the country faces increased challenges from high inflation and currency depreciation.

Many institutions have demonstrated that remittances are a steady source at both individual and national level for economic stability and poverty reduction for most developing countries.