Laos

Laos cbank governor appointed finance minister

LAOS - In a government reshuffle which saw Laotian deputy prime minister and finance minister Bounnyang Vorachit elected prime minister on Mar 27, 2001, central bank governor Soukan Mahalath was elected to succeed Bounnyang as the new finance minister.

• 27 Mar 2001

• Monetary Policy

Communist Laos admits failures in managing economy

The secretive communist Laotian government said on Mar 13, 2001 it had mismanaged the economy over the past five years, triggering hyperinflation and a tumbling currency.

• 13 Mar 2001