Search For "debt trap"
Why you should never pay the minimum payment on anything
Updated : 3 years, 9 months ago IST
New Delhi [India], June 7 (ANI/ATK): We may occasionally become impetuous purchasers and buy too many things or may rely on an instant personal loan to meet our immediate financial needs. Today, with easy access to credit, thanks to several instant loan apps, anybody can stretch their expend
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Economic crisis: Pakistan making same mistakes as Sri Lanka
Updated : 3 years, 9 months ago IST
Colombo [Sri Lanka], June 5 (ANI): Pakistan is replicating Sri Lanka while trying to solve its economic crisis, denying its past mistakes as well as the current happenings domestically and ignoring the lessons it could have learned from the island nation.
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Beijing's debt trap: Chinese nationals face threats in Pakistan, Sri Lanka
Updated : 3 years, 9 months ago IST
Beijing [China], May 28 (ANI): China seems to be trapped in its own web that it had spun around countries to catch them in a debt trap through its inherently exploitative Belt and Road Initiative.
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Quad to give over 50 billion USD infrastructure, investment push in Indo-P
Updated : 3 years, 10 months ago IST
Tokyo [Japan], May 25 (ANI): Amid efforts by China to increase its global footprint by financing infrastructure projects, Quad leaders on Tuesday reaffirmed their shared commitment to deepen cooperation on infrastructure, which is critical to driving productivity and prosperity in the Ind
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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.
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Sri Lanka: Nation's economic meltdown uncovers Chinese 'debt-trap' policy
Updated : 3 years, 10 months ago IST
Colombo [Sri Lanka], May 14 (ANI): China offered debt-stricken Sri Lanka more loans to overcome its economic distress amid rising protests in the country.
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Experts caution countries from China's debt-trap diplomacy
Updated : 3 years, 10 months ago IST
Colombo [Sri Lanka], May 13 (ANI): With the Sri Lankan economy overburdened with Chinese loans, as per the experts, other countries in the region also need to call upon their own governments to draw the necessary lessons from the Island nation.
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China aiding militarization in African countries through loans
Updated : 3 years, 10 months ago IST
Beijing [China], May 9 (ANI): The Chinese loans in Africa, which are widely seen as extensions of the country's debt-trap diplomacy are being used by the recipient countries not just for infrastructure spending, but also for militarization, with defence companies from China being one of the
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China cuts down investment pledges for Africa amid mounting debt fears
Updated : 3 years, 10 months ago IST
Beijing [China], May 9 (ANI): While infrastructure projects are one of the main priority areas in China-Africa cooperation, Beijing has cut down on its investment pledges for the continent for the first time in December 2021, according to reports.
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China again looking to trap Sri Lanka by offering more loans
Updated : 3 years, 10 months ago IST
Beijing [China], May 7 (ANI): At the time when Sri lanka is struggling for its worst econimc crisis due to the huge Chinese loan debt, Beijing has once trying to entrap the Island nation by offering more loans and so-called aid to the country, according to media report.
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China's economic growth led to direct military aggression in Himalayas
Updated : 3 years, 10 months ago IST
Beijing [China], May 7 (ANI): The economic growth story of China is unparalleled, however, it has led to direct military aggression and there is no better place to observe Chinese flexing than in the Himalayas.
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China to provide 300mn yuan loan to Sri Lanka amid economic crisis
Updated : 3 years, 10 months ago IST
Colombo [Sri Lanka], May 3 (ANI): China has decided to provide a loan of 300 million yuan to Sri Lanka amidst the unprecedented economic crisis in the island nation.
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