debt trap
- 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…
- World
China continues to boost leverage over vulnerable countries as part of its debt-trap diplomacy
Beijing: China is boosting its leverage over financially vulnerable countries and ensnaring some in sovereignty-eroding debt traps by extending loans with strings attached. The latest to fall prey to China’s debt-trap diplomacy…
- World
Experts in Nigeria raise concerns over country’s rising indebtedness to China
Abuja: Experts in Nigeria have raised concerns over the country’s rising indebtedness to China, saying that it is a recipe for economic slavery. Experts and all members of Transforming Uplifting and Reforming…
- World
Zambia’s debt: Future of Chinese loan
Lusaka: Zambia became the first coronavirus-era debt default African nation that has borrowed heavy loans from China in recent years to fund major infrastructure projects. China has provided billions of dollars of…
- World
China forces countries in Indian Ocean region to ‘trade debt with sovereignty’
Taipei: China has created financial dependence amongst several South Asian and Southeast Asian countries and has pushed its agenda of establishing commercial bases in the Indian Ocean region to the extent of…
- Pakistan
Pakistan in debt trap, each Pakistani owes Rs 1.53 lakh
Islamabad: The per capita debt in Pakistan jumped 28 per cent to Rs 153,689 at the end of last financial year, the Finance Ministry informed the National Assembly while confessing that all budget…
