Search For "china debt trap"
United States asks China to cooperate with Sri Lanka's debt structuring
Updated : 3 years, 6 months ago IST
Colombo [Sri Lanka], September 13 (ANI): A United States diplomat asked China to cooperate with Sri Lanka's debt restructuring and advised the island nation to be responsible for future borrowings while agreeing to participate in the re-structuring of Sri Lanka's debt.
Read More
China spreading its debt tentacles in Central Asia
Updated : 3 years, 6 months ago IST
Beijing [China], September 11 (ANI): China's influence has been quietly expanding in a more pervasive way in Central Asia. Since 2000, Beijing has been expanding its lending activities in Central Asia.
Read More
Stung by global criticism of BRI, China finally puts up a defence
Updated : 3 years, 6 months ago IST
Beijing [China], September 9 (ANI): Growing world criticism of China's controversial debt-trap program, the Belt and Road Initiative (BRI), appears to be stinging the communist leadership. For the first time, the government is on the defensive and is offering an explanation that "it is a roa
Read More
Laos debt pressure on rise, owes large sum of foreign debt to China: Exper
Updated : 3 years, 6 months ago IST
Nong Khai [Thailand], September 8 (ANI): The economic situation of Laos continues to worsen as the country is under a severe shortage of foreign reserves and owes a hefty sum of foreign debt to China as the country is suffering from twin deficits, a senior economist at Thailand's Krungsri Re
Read More
Xi congratulates Sri Lanka's new president Wickremesinghe, looks forward t
Updated : 3 years, 8 months ago IST
Colombo [Sri Lanka], July 22 (ANI): China, which turned a blind eye to Sri Lanka while it struggled with the economic and political crisis, is now looking forward to advancing bilateral ties and traditional friendship between the two countries, as evident from President Xi Jinping's congratu
Read More
China's debt trap diplomacy responsible for economic calamity in Sri Lanka
Updated : 3 years, 8 months ago IST
Washington [US], July 20 (ANI): China's debt trap diplomacy has become a major cause of Sri Lanka's unprecedented economic crisis due to the failure of the island nation to take better steps to restructure its debts in dialogue with the IMF.
Read More
Laos default would give new momentum to China "debt trap" diplomacy
Updated : 3 years, 8 months ago IST
Vientiane [Laos], July 17 (ANI): Laos, a south-east Asian nation is on the edge of default after building a China-financed high-speed train, giving new momentum to 'debt trap' diplomacy criticism.
Read More
Kenya's debt obligations towards China more than double in one year
Updated : 3 years, 10 months ago IST
Nairobi [Kenya], May 20 (ANI): Kenya's debt obligations towards China have shot up by a staggering 135.15 per cent in the last one year on the back of Chinese-funded infrastructure projects in the African country.
Read More
Scrapping CPEC Authority no panacea for Pakistan from Chinese debt-trap: R
Updated : 3 years, 11 months ago IST
Islamabad [Pakistan], April 28 (ANI): Even while the newly-elected Shehbaz Sharif government in Pakistan has decided to abolish the China-Pakistan Economic Corridor (CPEC) Authority, the move will not save Islamabad from falling into the Chinese debt trap, said a media report.
Read More
Sri Lanka minister says country in talks with China for debt refinancing
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], April 26 (ANI): After talks with International Monetary Fund (IMF) amid the ongoing economic crisis in the country, Sri Lanka's Mass Media Minister Nalaka Godahewa on Tuesday said that the country is in talks with China as well for refinancing its debt.
Read More
Maldives may face Sri Lanka-like economic crisis if not careful in taking
Updated : 3 years, 11 months ago IST
Male [Maldives], April 23 (ANI): Maldives and Sri Lanka-- two nations whose economies are heavily dependent on tourism-- suffered a big blow due to COVID-enforced regulations after the outbreak of the pandemic.
Read More
Biggest contributor to Sri Lanka's economic crisis is 'mismanagement': Bud
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], April 16 (ANI): The President of the Asian Buddhist Conference for Peace (ABCP) - Sri Lanka National Centre, Dr Maitipe Wimalasara Maha Thera on Saturday blamed the "mismanagement" of economic policies by the country's leadership for the present turmoil.
Read More