Electricity is the lifeline for a modern economy. At the same time, the power sector is the world’s main source of greenhouse gas emissions. Limiting the worst effects of a changing climate requires that the supply of clean electricity grows rapidly. This presents challenges as the power sector is technologically complex and requires costly infrastructure development. The […]
The Lao People’s Democratic Republic’s reliance on debt financing for the power sector has led to significant economic growth but also severe debt distress. Reforms should focus on improving sector governance, enhancing financial sustainability, and fostering clean energy access. Energy is at the heart of the Lao People’s Democratic Republic’s development vision. The country leveraged […]
Traditional views on monetary-fiscal interactions suggest that fiscal deficits can be stabilised through changes in taxes, government spending, or inflation. This column examines how economic growth driven by technological innovation affects price stability and the sustainability of public debt. It argues that there is another stabilisation channel for public debt: economic growth. Increased demand boosts […]