Two years after leadership changes at the Bank of Laos, its head, Sinxayvoravong, has been removed amidst a reshuffle, indicating growing concerns over the country’s escalating foreign debt crisis. With external public debt servicing costs rising significantly, the Laotian government is under pressure to boost its USD reserves to avoid default. The country is expected to service annual debts of approximately USD 1.3 bln from 2024 through 2028.