The debt trap isn’t a national strategy. Instead, unchecked profit motive is driving Chinese firms to exploit poor nations. In the summer of 2018, Sri Lanka saw the last remaining airline pull ...
In an interview to Financial Times, Kamal said China needed to be "more rigorous in evaluating its loans amid concerns that poor lending decisions risked pushing countries into debt distress.
The idea of One Nation, One Election seems outlandish since the architecture of the election process doesn’t allow much space for it Is One Nation, One Election a threat to federalism?
A logo of the Belt and Road is seen in Shanghai. [Photo/VCG] Ever since its launch 10 years ago, the Belt and Road Initiative has been widely welcomed by the global community as a bridge that ...
One is the largest developing country, and the other is the continent home to the largest number of developing countries. China and Africa are tens of thousands of miles apart but cooperate closely.
Nepal’s national airline has decided to sell Chinese planes that the carrier has been struggling to maintain amid recurring breakdowns. The Kathmandu Post reported citing officials that these ...
Opinions expressed by Forbes Contributors are their own. I travel the New Silk Road, reporting on the developments that are shaping the 21st century. The official estimate of what Sri Lanka ...
The Group of 20 major economies--which include China--and the Paris Club group of creditors last week agreed to suspend official bilateral debt payments for the world’s poorest countries through ...
YOKOHAMA--China is not trying to lead African countries into a debt trap and provides critical investment along with other countries to close a funding gap for crucial infrastructure projects on ...
Pakistan is ensnared in a classic sovereign debt trap: too much foreign currency denominated external debt, too few foreign exchange resources, and too little cash flow denominated in foreign ...
During the last week the Pakistani Rupee achieved a historic first. It broke through the Rs300 barrier against the Dollar. Other firsts were also recorded: The price of petrol broke through the ...
Managing debt is a balancing act of possible risks and benefits. While borrowing money is one practical way for governments to boost their economies, the equilibrium can easily be thrown off-kilter – ...
