Search For "chinese loans"
Kenya spends USD 1 billion in a year to repay Chinese loans, burdening tax
Updated : 1 year, 8 months ago IST
Amid unrest in Kenya due to debt distress, it is reported that the country has spent 152.69 billion KES (approximately 1 billion USD) to repay debt to China in the just-ended financial year, highlighting the burden on taxpayers in servicing loans taken to build a modern railway and other inf
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'High-powered' collaboration between China, Pakistan under CPEC diminishe
Updated : 2 years, 5 months ago IST
The so-called 'high powered' collaboration between Beijing and Islamabad under the China-Pakistan Economic Corridor: a 3000 km Chinese infrastructure network project undertaken in Pakistan now appears to take a noticeable shift, facing significant challenges, a report by the Daily Asian Age
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China's BRI and 'Debt Trap Diplomacy' in African countries
Updated : 2 years, 10 months 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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Pakistan's economy spiralling out of control as friendly nations refuse t
Updated : 2 years, 11 months ago IST
Pakistan is in a fix as it has entered into a vicious cycle of borrowing loans to pay off the debts it had taken earlier, thus displaying the scenario that the country's economy will spiral out of control as even friendly countries refused to provide any more easy financial bailout or intere
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Pakistan scales up in terrorism index, falls further deep into economic cr
Updated : 2 years, 11 months ago IST
Deaths by Tehrik-e-Taliban Pakistan (TTP) doubled while Islamic State-Khorasan (ISK) increased sevenfold in Pakistan. The BLA was responsible for a third of these deaths in Pakistan.
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Chinese investors hesitant to finance new projects in Pakistan amid its di
Updated : 2 years, 12 months ago IST
Beijing is not happy with the strict conditions of the International Monetary Fund (IMF) for the resumption of the USD 6 billion bailout package program, which may exacerbate Pakistan's economic troubles and draw scrutiny to Chinese loans.
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US concerned Chinese loans to Pakistan, Sri Lanka may be used for "coerciv
Updated : 3 years ago IST
"Concerning Chinese loans to countries in India's immediate neighbourhood, we are deeply concerned that loans may be used for coercive leverage," Lu said.
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International airport built with Chinese assistance, donations inaugurated
Updated : 3 years, 2 months ago IST
Nepal Prime Minister Pushpa Kamal Dahal on Sunday inaugurated the country's third international airport, built in the backdrop of the Annapurna Mountain Range with Chinese loans and donations.
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China-funded secret railway contract unearthed in Kenya: Report
Updated : 3 years, 4 months ago IST
The USD 4.7 billion rail project known as the Standard Gauge Railway starts from Kenya's coastal region, began five years ago and has become the focus of multiple criminal investigations, weighing down the country's economy with debt.
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China may seize Kenyan asset amid mounting debts
Updated : 3 years, 4 months ago IST
Nairobi [Kenya], October 22 (ANI): Accumulated Chinese loans pushed Kenya near default and Beijing may seize Kenyan assets if it could not pay its debts.
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China fines Kenya Sh1.31 billion for defaulting on railway loans
Updated : 3 years, 5 months ago IST
Nairobi [Kenya], October 15 (ANI): Chinese banks have fined Kenya 1.312 billion Kenyan shillings in the year ended June for defaults on loans provided to build the standard gauge railway (SGR), according to Treasury documents seen by Business Daily Africa.
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West Asia and North Africa region need to be prudent with Chinese debt-tra
Updated : 3 years, 5 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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