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Debt-trap diplomacy is a term to describe an international financial relationship where a creditor country or institution extends ... According to Brahma Chellaney ...
Chellaney coined the term debt-trap diplomacy to describe how the Chinese government leverages the debt burden of smaller countries for geopolitical ends. [15] [16] He saw 'debt trap diplomacy' in China's handling of Sri Lanka's debt distress by taking over its Hambantota port on a long-term lease. [17]
According to Chellaney, this is "clearly part of China's geostrategic vision". [13] China's overseas development policy has been called debt trap diplomacy because once indebted economies fail to service their loans, they are said to be pressured into supporting China's geostrategic interests.
According to Dr. Brahma Chellaney, author of Water: Asia's New Battleground, Asia is the driest continent (Africa is a close second). Origination pointGeographically speaking, China controls Asia ...
Brahma Chellaney, opinion contributor. November 21, 2024 at 12:00 PM. The Nobel Prize season ended last month when winners of the six different awards were announced for their outstanding ...
All three forms of consumer debt grew since the third quarter of 2022. To break out of this debt trap, Kamel suggested that Tina may need to make the “ultimate sacrifice.”
When the deal was first declared, former President of Maldives Mohamed Nasheed, had referred to China's debt-trap loans to the former Yameen administration in a tweet: "The super low cost development assistance announced by @DrSJaishankar today is exactly what Maldives needs. Real help from a friend, to help us develop critical infrastructure.
Professional debt settlement: This requires working with a debt settlement company to negotiate with your creditors to reduce how much you owe them. Many companies charge between $1,500 and $3,500 ...