Search For "emergency loans"
China now bails out countries after pushing them into 'debt-trap'
Updated : 2 years, 11 months ago IST
American officials have accused China of engaging in "debt trap diplomacy" that is saddling countries with excessive debt for construction projects carried out by Chinese companies often using Chinese engineers, Chinese workers and Chinese equipment.
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Emergency loans from financial bodies not to solve Pakistan's woes, need t
Updated : 3 years, 5 months ago IST
Islamabad [Pakistan], September 23 (ANI): Pakistan needs an overhaul of economic policy as the country is facing its worst ever floods in history accompanied by a huge resource gap despite getting emergency loans from global financial bodies for the reconstruction.
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