Laos’s past is its present

In the landlocked nation, credit is in short supply and few have bank accounts. Foreign lenders, development banks, microfinance institutions and fintechs want to solve its woes – it’s just not clear that Laos wants them back.

Laos Village Bank_780

Laos village banks are making progress, despite facing suspicion

EM-city-illo-780.jpg
IMF SPECIAL:
THE PLACES THAT
FINANCE FORGOT

Landlocked and economically tiny, insulated from an outside world it fears and mistrusts, Laos is a very unusual country. Its suspicions of the outsider, which locals wear openly on their faces, are baked in.

Access intelligence that drives action

To unlock this research, enter your email to log in or enquire about access