Search For "debt trap"
Scrapping CPEC Authority no panacea for Pakistan from Chinese debt-trap: R
Updated : 3 years, 10 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.
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China's 'strategic-trap diplomacy' set off Sri Lankan economic crisis: Rep
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], April 27 (ANI): While economists largely concur that China's debt-trap diplomacy set off Sri Lankan economic crisis, geopolitical analysts believe that the island nation fell victim to a far more dangerous form of foreign policy, that is a 'strategic-trap diplomacy', sai
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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.
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Following Sri Lankan economy collapse, worries mount in Pakistan over Chin
Updated : 3 years, 11 months ago IST
Islamabad [Pakistan], April 24 (ANI): Drawing warning lessons from the collapsing Chinese-dominated economies of Sri Lanka and Nepal, the Shehbaz Sharif government has decided to scrap the China-Pakistan Economic Corridor Authority (CPECA) to arrest Pakistan's own slide towards a similar fat
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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.
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China gets flak for pushing Sri Lankan economy into 'debt-trap'
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], April 22 (ANI): As Sri Lanka faces one of the worst economic crises, China has been widely criticized for pushing the Sri Lankan economy into its 'debt trap' and for predatory behaviour such as leasing out the port of Hambantota for 99 years.
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Geo-political analyst pins blame for Lankan crisis on China's opaque debt-
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], April 18 (ANI): Asanga Abeyagoonasekera, a geo-political analyst from Sri Lanka, said that China's loan model to Sri Lanka is ambiguous while no one knows the interest rate charged by Beijing for the money lent to the island nation.
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China's 'debt-trap diplomacy' behind Sri Lanka crisis: Report
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], April 17 (ANI): While Sri Lanka faces its worst economic crisis since independence with food and fuel shortages, soaring prices and power cuts, many believe that China's "debt-trap diplomacy" is behind the crisis, said a media report.
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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.
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China needs to improve its lending practices: World Bank President
Updated : 3 years, 11 months ago IST
Warsaw [Poland], April 14 (ANI): China needs to improve its lending practices in the developing world, especially in terms of transparency in the loans it provides, according to the World Bank President.
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China creating new COVID strains in Pakistan: Expert
Updated : 3 years, 11 months ago IST
Beijing [China], April 14 (ANI): China is creating COVID-style pathogens in Pakistan that experts say has the potential to wipe out much of humanity.
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Sri Lanka succumbs to China's debt-trap diplomacy: Report
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], April 12 (ANI): Sri Lanka, a thriving island country with a population of 22 million, has succumbed to China's debt-trap diplomacy while Colombo battles most significant economic crisis in decades amid mounting debt repayment woes.
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