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BANGKOK (Kyodo) — The parliament of Laos on Friday voted to elect Deputy Prime Minister Sonexay Siphandone as the brand new prime minister to succeed Phankham Viphavanh, who stepped down citing well being considerations, in response to native media.
After the election within the Nationwide Meeting within the capital Vientiane, Sonexay, one of many kids of former President Khamtay Siphandone, thanked the meeting members and vowed to make utmost efforts to fulfil his new duties, the stories stated.
Phankham, who grew to become the prime minister in March 2021, additionally spoke on the meeting, saying his unfit well being prevented him from endeavor the exhausting work wanted to deal with the present financial and monetary hardship the nation is going through.
Laos has been hit by financial difficulties stemming from a pointy foreign money depreciation and surging inflation. The World Financial institution stated in its report in November that the nation’s public debt may surpass one hundred pc of gross home product by the tip of this yr.
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