Search For "chinese debt"
US warns Kenya's rising debt threatens social services, economic stability
Updated : 1 year, 10 months ago IST
The US has warned that Kenya's rising debt burden is undermining its ability to provide quality medical care and education to its citizens, shining the spotlight on expensive debt procured in the last decade partly from China, reports Business Daily Africa.
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China's BRI and 'Debt Trap Diplomacy' in African countries
Updated : 3 years ago IST
More than 200 BRI cooperation agreements had been signed by 140 nations at the start of 2021, serving as frameworks for Chinese businesses to construct infrastructure projects like ports, railways, power plants, and telecommunication networks using low-interest Chinese loans to host countrie
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Nepal Airlines Corporation reels under 50 bn Chinese debt
Updated : 3 years, 1 month ago IST
As per a plan to profit the corporation, the Chinese aircraft were purchased about eight years ago. Four Y12 and two MA-60 planes were purchased with a soft loan and subsidy with a bilateral agreement between the Nepalese and Chinese governments. The contract for the purchase of Chinese plan
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Nepal drowning in Chinese debt trap
Updated : 3 years, 1 month ago IST
Recently inaugurated Pokhara International Airport has come up with a USD 215 million loan from the Chinese EXIM Bank. The terms for this financing are highly adverse for Nepal's economy. The rate of interest charged on this loan is 2 per cent, much higher than what other multilateral lender
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Chinese debt trap hurdles Zambia's progress: Report
Updated : 3 years, 2 months ago IST
Zambia is under a heavy debt burden, and the post-Covid economic recovery is slow. In such a situation, it is difficult to upgrade the dilapidated road connecting its mining sites to export destinations in the lack of funds to build infrastructure, Africa Daily Digital reported.
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Kenya's mounting Chinese debts causing serious consequences: Report
Updated : 3 years, 6 months ago IST
Kenya is going through an economic emergency due to mounting Chinese debts leading many to believe that the successive Kenyan governments have over-borrowed for over-priced projects.
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Cambodia needs to tread cautiously in defending China and its debt diploma
Updated : 3 years, 6 months ago IST
Cambodian government is always seen standing against the world for defending China and its debt diplomacy, however, China's debt and security arrangements with Cambodia signal a greater plan for South East Asia.
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Africa in desperate need for alternatives to tackle China's debts
Updated : 3 years, 6 months ago IST
As the global economy is moving towards recession, African countries, where China has leveraged lopsided loans for geopolitical gain, are in debt distress and need alternatives fast.
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Pakistan requests China to roll over its USD 6.3 billion debt
Updated : 3 years, 7 months ago IST
Islamabad [Pakistan], October 23 (ANI): Pakistan on Saturday requested its all-weather ally China to roll over its USD 6.3 billion debt amid a slump in its economy due to devastating floods.
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West Asia and North Africa region need to be prudent with Chinese debt-tra
Updated : 3 years, 7 months ago IST
Beijing [China], October 14 (ANI): West Asia and North African regions need to tread cautiously when lending Chinese contracts as by expanding its regional footprints, China is pursuing its policy of gradually laying down the debt trap and turning these regions into its economic colonies, me
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Laos economic crisis intensifies amid Chinese debt
Updated : 3 years, 7 months ago IST
Vientiane [Laos], October 12 (ANI): The escalating debt crisis in Laos is pushing the country toward a meltdown and even experts believed that Vientiane is on the brink of loan default.
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Chinese officials in poor countries face unpleasant jobs as debt collector
Updated : 3 years, 7 months ago IST
Beijing [China], October 9 (ANI): Across much of the developing world, China finds itself in an uncomfortable position as the world's debt collector amid rising inflation and a weakening global economy.
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