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Economy

Laos, other debt-laden Asia-Pacific nations under pressure from strong dollar

ADB boosts funding for vulnerable countries amid debt trap fears

Laos' weakening currency threatens faster food price inflation. (Photo by Kenya Akama)

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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