Party resolves firm action to tackle Laos' economic issues

VIENTIANE (Vientiane Times/Asia News Network): The Lao People’s Revolutionary Party’s central committee has resolved to initiate measures to ensure economic growth of 4.5 per cent this year while reining in rampant inflation and slowing the depreciation of the kip.

The Party Central Committee recently adopted a Resolution on the issue at its sixth session, outlining actions to be taken by the government to overcome the ongoing economic issues afflicting Laos and to prevent the country from defaulting on its debt payments.team.