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International Business Times
International Business Times
Business
Thanaporn Promyamyai and Damon Wake

Debt-saddled Laos Struggles To Tame Rampant Inflation

Laos is struggling to tame rampant inflation, with food prices rising sharply and the World Bank warning that public debt has hit unsustainable levels (Credit: AFP)

Suffocating under a mountain of debt to China, communist Laos is struggling to tame rampant inflation, with food prices rising so sharply that a growing number of households are resorting to foraging.

At a market in Vientiane, traders told AFP they have never known business to be so slow, as families have seen the value of their money collapse since Covid-19.

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