debt trap
- Pakistan
‘Long-term IMF bailout plan would be an economic disaster for Pakistan’
Islamabad: Pakistan’s crippling economy is in emergency need of another bailout plan from the IMF (International Monetary Fund) through its Extended Fund Facility (EFF) to save it from a suspected meltdown. However,…
- World
China falls into its own debt trap as loans under Belt and Road Initiative pile up
Beijing: China is falling into its own debt trap as the country’s banks have sharply reduced lending to low-income countries under its flagship Belt and Road initiative (BRI) after the crumbled economies…
- World
China employed ‘Debt Trap Diplomacy’ to gain strategic edge over SL: Think tank
New Delhi: China employed its devious ‘Debt Trap Diplomacy’ to gain a strategic edge over Sri Lanka, an independent foreign policy think tank said on Saturday after Lankan Prime Minister Ranil Wickremesinghe…
- World
What’s happening in Sri Lanka and how did the economic crisis start?
Mumbai: The island nation of Sri Lanka is in the midst of one of the worst economic crises it’s ever seen. It has just defaulted on its foreign debts for the first…
- World
Not just debt, neighbours also saddled with defective Chinese hardware
New Delhi: China’s strategic military sales to Bangladesh, Myanmar, Sri Lanka and Thailand has raised security concerns in the Indian Ocean Region. China aims to be a key defence exporter to many…
