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Relations between two nations were established in February 1956. First Prime Minister of India Jawaharlal Nehru visited Laos in 1954 while first President of India Rajendra Prasad visited Laos in 1956. [1] [2] India considers Laos as strategically important in accordance with China's growing land-reclamation activities in the South China Sea. [3]
The deal comes at a time when critics accuse Beijing of "debt trap diplomacy" to gain strategic advantage in countries struggling to repay loans taken out under President Xi Jinping's global "Belt ...
This is a list of countries by external debt: it is the total public and private debt owed to nonresidents repayable in internationally accepted currencies, goods or services, where the public debt is the money or credit owed by any level of government, from central to local, and the private debt the money or credit owed by private households or private corporations based on the country under ...
[1]: 81 A debt instrument is a financial claim that requires payment of interest and/or principal by the debtor to the creditor in the future. Examples include debt securities (such as bonds and bills), loans, and government employee pension obligations. [1]: 207 Net debt equals gross debt minus financial assets that are debt instruments.
Ongoing — COVID-19 pandemic in Laos. 7 July – The government of Laos discusses the purchase of oil from sanctions-hit Russia as the country faces oil shortages and is nearing a debt default. [1] 29 August – 2022 Laos floods: Recent flash floods caused by heavy rainfall in northern Laos have caused at least 5.6 billion Lao kips in damage. [2]
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The debt ceiling compromise bill sailed to passage in the House on Wednesday evening. The House voted 314-117 after just over an hour of debate on the legislation. The bill required a simple ...
The external debt of India is the debt the country owes to foreign creditors. The debtors can be the Union government, state governments, corporations or citizens of India.. The debt includes money owed to private commercial banks, foreign governments, or international financial institutions such as the International Monetary Fund (IMF) and World Ba