Laos, other debt-laden Asia-Pacific nations under pressure from strong dollar
TOKYO/TBILISI, Georgia -- Currency weakness against the dollar has raised concerns that Laos and other vulnerable Asia-Pacific nations are at risk of falling into a debt crisis.
"Debt vulnerabilities remain severe in some middle-income countries, as well as low-income countries," Japanese Finance Minister Shunichi Suzuki said at the annual Asian Development Bank (ADB) meeting held over the weekend in Tbilisi, Georgia.
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