Resources Archive

Is Laos on the edge of an economic boom, or a bust? Six of the 11 countries in Southeast Asia have an external debt higher than the developing world average of 26 percent of gross national income, according to a report last year by FT Confidential Research, an independent research service from the Financial Times. Laos was the worst offender, with an external debt of 93.1 percent of its GNI. Laos was also weakest when it came to its ability to repay loans. Its ratio of external debt to exports, an important indicator, was 327.9 percent. Foreign currency reserves are […]

In mid-July, government officials inaugurated operations at the sprawling Mirador mine in southern Ecuador. An open-pit copper, gold and silver mine in the Zamora-Chinchipe province near the Peruvian border, Mirador’s reserves reportedly include 3.2 million tons of copper, 3.4 million ounces of gold and 27.1 million ounces of silver. The amount of copper makes it Ecuador’s largest copper mine, but still smaller than the massive copper mines in Chile and Peru. The mine, which can already produce 10,000 tons of minerals per day, is expected to increase its output to 60,000 tons per day and potentially earn the Ecuadorian government […]

Small, landlocked Paraguay has been engulfed in a political storm that has seen both its president and vice president nearly impeached in recent weeks. The crisis began on July 23 when Pedro Ferreira, the head of the National Electricity Administration, the state-owned energy company known as ANDE, resigned. Ferreira claimed that he was being pressured to add his signature to a secret energy deal with Brazil that had been negotiated behind closed doors by high-ranking officials in May. Ferreira described the deal as constituting “high treason.” The agreement, which was cancelled by Paraguay and Brazil on Aug. 1 as the […]

ALGIERS—The chanting groups of protesters quickly swelled into a massive stream, moving downwards along Rue Didouche Mourad, one of the city’s main boulevards. In the summer heat, they wore Algerian flags as cloaks and carried hats and water bottles. Some walked with children on their shoulders, their young faces painted the green, white and red of the national flag. Homemade protest signs written in Arabic and French appeared to float above the slow-moving crowd. The signs and rallying cries called for a civilian state instead of a military one, and for the liberation of political prisoners. They praised the country’s […]