Search For "debt trap"
India warns of unsustainable financing and its subsequent debt traps at UN
Updated : 2 years, 4 months ago IST
At a UN Security Council debate earlier this week, India warned that the international community should be vigilant towards the dangers of unsustainable financing which leads to a vicious cycle of debt traps.
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Nepal engulfed in China's debt trap over Pokhara airport deal: NYT Report
Updated : 2 years, 5 months ago IST
The airport's construction was part of China's grand ambitions, aligning with President Xi Jinping's signature infrastructure campaign, the Belt and Road Initiative (BRI), which promised substantial investments in infrastructure projects worldwide.
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Sri Lanka's economic challenges amid Chinese pressure
Updated : 2 years, 5 months ago IST
Sri Lanka's total external debt exceeds USD 50 billion, with a significant portion, roughly 10 per cent, owed to China.
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“I am very confident that India will be leader of Global South”: Denmark e
Updated : 2 years, 6 months ago IST
Exuding confidence in New Delhi as the “leader of the Global South”, Denmark's Ambassador to India, Freddy Svane said that the world needs a country like India which believes in democracy and rule of law, as alternative to powers who “debt-trap” the poor countries.
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Kerala: Congress hits back at "financial failure" after LDF minister picks
Updated : 2 years, 7 months ago IST
"Kerala Finance Minister KN Balagopal has completely failed in the management of finance source of Kerala. Actually speaking Kerala is now in debt trap. The government has no idea how to get over it. The wasteful expenditure has not been corrected. Corruption is one of the major issues in th
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China: Central Bank governor warns economic prudence ahead of retirement
Updated : 2 years, 8 months ago IST
People’s Bank of China (PBOC) Governor, Yi Gang, who is soon expected to step down from the position, has flagged some crucial concerns and also offered advice in a recent article for the Journal of Economic Research.
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Major lender China faces 'debt bomb' at home: Report
Updated : 2 years, 8 months ago IST
China which has lent nearly 1 trillion USD to some 150 developing countries is itself facing a 'debt bomb' at home, compelling Beijing to be reluctant in cancelling large debts owed by countries struggling to make ends meet.
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India playing role of bridge between Global South, developed democratic co
Updated : 2 years, 9 months ago IST
India has improved relations with the industrialised members of the Group of Seven (G7). This year, India participated in the G7 Summit in Japan and has been actively acting as a link between the Global South and the camp of developed democratic countries
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China's aggressive approach in Sri Lanka's energy sector raises concern ab
Updated : 2 years, 9 months ago IST
Due to its location in the Indian Ocean, Sri Lanka has long been seen as a strategically significant nation by China. For this reason, Beijing has actively boosted its presence and influence in Sri Lanka over the years, especially in the energy industry, Daily Mirror Online reported.
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China's actions exacerbating Pakistan's debt issue
Updated : 2 years, 9 months ago IST
By December 2022, Pakistan's external debt had reached USD 126 billion; accounting for 35 per cent of its GDP. The problem is an outcome of legacy issues plaguing the Pak economy including dwindling foreign exchange reserves, high inflation, a lack of foreign investments and balance of payme
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Has China trapped Afghanistan in its sinister debt trap diplomacy?
Updated : 2 years, 9 months ago IST
After leaving a number of smaller countries 'high and dry', China, the current villain in global politics, has now set its sights on Afghanistan, a war-torn South Asian country that has been facing increasing global marginalisation owing to its appalling human rights track record.
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China weaponizing investment on foreign soil as part of 'debt-trap diploma
Updated : 2 years, 9 months ago IST
Beijing in 2022, sponsored the first-ever Horn of Africa Peace, Good Governance, and Development Conference in the Ethiopian capital of Addis Ababa, which China's ruling Communist Party touted as a "model country" under its USD 126 billion Belt and Road initiative.
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