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Lao gov’t vows to stabilize macro economy

VIENTIANE, July 25 (Xinhua) — The Lao government has vowed to stabilize the macro economy and currency exchange rates, reaffirming that it would not allow the country to slide into debt default.

The pledge came at the close of a two-day open government meeting which ended on Friday.

The meeting was chaired by Prime Minister Phankham Viphavanh and attended by cabinet members, the mayor of Vientiane, provi