Search For "china debt trap policy"
Updated : 3 months ago IST
The USD 4.7 billion rail project known as the Standard Gauge Railway starts from Kenya's coastal region, began five years ago and has become the focus of multiple criminal investigations, weighing down the country's economy with debt.
Updated : 4 months, 1 week ago IST
Beijing [China], October 3 (ANI): After the first version of China's flagship Belt and Road initiative was blocked, Beijing is working on a 2.0 version while being open to accepting some losses on loans and renegotiating debt, something it had been previously unwilling to do, a report said.
Beijing [China], October 3 (ANI): 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 of borrowing countries have left the Asian giant with huge pile
Beijing [China], October 1 (ANI): China's debt trap policy has boomeranged with many loans to emerging economies falling into repayment troubles due to financial distress and a slowing economy.
Updated : 4 months, 2 weeks ago IST
Beijing [China], September 25 (ANI): After eyebrows were raised on China's debt trap policy under its Belt Road Initiative (BRI), it announced a loan waiver for African countries to change the narrative, however, the amount of these loans was not even 1 per cent of its total lending to the c
Updated : 6 months, 3 weeks ago IST
Washington [US], July 20 (ANI): China's debt trap diplomacy has become a major cause of Sri Lanka's unprecedented economic crisis due to the failure of the island nation to take better steps to restructure its debts in dialogue with the IMF.