A former senior Lao official in international co-operation has warned that Laos’ continued dependence on foreign aid could lead the nation to ruin.
Despite the three-fold increase in foreign aid since Lao’s economic liberalisation in the 1980s, more than 10 percent of Lao people continue to live below the international poverty line.
And the nation continues to be one of the poorest in South-East Asia.
The book “History of Aid to Laos: Motivation and Impacts” was launched this week. It examines – for the first time - the 55 year history of foreign aid in Laos.
Author Viliam Phraxayavong argues that successive governments in Laos have mismanaged foreign aid.
He also contends that foreign donors have often used aid to serve their own political and economic interests, often to the detriment of Laos.
http://2ser.podomatic.com/entry/eg/2009-09-26T03_12_10-07_00