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Sail
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Posted: Tue May 19th, 2009 03:21 pm |
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Sail
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Posted: Tue May 19th, 2009 03:24 pm |
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Less Reliance on International Aid? Good Thing!
Laos, Southeast Asia’s smallest economy, plans to sell its first foreign-currency bonds to finance electricity projects as part of efforts to become less dependent on international aid.
The communist-run nation may sell as much as 2.5 billion Thai baht ($72.5 million) of five- to 15-year notes backed by royalties from hydropower plants, said Chiemi-Jamie Kaneko, a financial markets official at the Asian Development Bank, which is advising the Laos government.
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