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Nam Theun-2, however, has become a test case for the World Bank in its effort to spur private-sector development even in the least creditworthy countries.
ECONOMIST: Laos
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But opponents argue that the real risks are being taken by Laos, in investing so much hope in Nam Theun-2 in particular, and dams in general.
ECONOMIST: Laos
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Most of these will now be delayed, including the biggest and most controversial, known as Nam Theun 2, which is anyway plagued by financing difficulties and environmental criticism.
ECONOMIST: When growth switches off