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In April 2023, the Boston University Global Development Policy Center published a brief to analyze eight examples of "supposed debt trap diplomacy cases" by China, and concluded that debt trap diplomacy was not the driver of China’s overseas lending and development finance policies, and that they found no empirical evidence to prove that ...
China's overseas lending is not a "debt trap", former central bank governor Zhou Xiaochuan has said, after two of the world's biggest international financial institutions warned of growing credit ...
In December 2021, BBC contacted Bräutigam to give a brief explanation of debt trap diplomacy, an example of it, and why the evidence doesn't support it. The morning after, a BBC broadcast recording used clips of the brief interview with Bräutigam and misrepresented her position on the debt-trap issue, discarding all the evidence she brought ...
China wants to counter the idea that the BRI - a scheme to connect Asia with Africa and Europe through infrastructure and other investment - is a form of "debt trap diplomacy", making loans some ...
[40] [41] A 2020 Lowy Institute article called Sri Lanka's Hambantota International Port the "case par excellence" for China's debt-trap diplomacy, but called the narrative a "myth" because the project was proposed by former Sri Lankan president Mahinda Rajapaksa, not Beijing. The article added that Sri Lanka's debt distress was not caused by ...
"In such cases, we need to not merely reduce debt service today, but reduce debt service tomorrow and permanently," Malpass said. Debt reduction only way to end 'poverty trap' for some countries ...
Debt-trap diplomacy is considered "a severe concern to developing countries like Sri Lanka" by the Institute for Security and Development Policy. Both the U.S. Trump and Biden administrations described the occurrence of Chinese debt-trap diplomacy, especially in the case of Sri Lanka. [62]
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]