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Debt-trap diplomacy is a term to describe an international financial relationship where a creditor country or institution extends debt to a borrowing nation partially, or solely, to increase the lender's political leverage.
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'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 ...
Tharoor argues that rather than focus on long-term debt restructuring that may have resolved Sri Lanka's balance of payments crisis, Sri Lanka opted to pursue easy credit, resulting in eventual failure to repay outstanding loans. The article identifies this line of credit as a part of a broader trend referred to as debt trap diplomacy. [14]
These are the best funny quotes to make you laugh about life, aging, family, work, and even nature. Enjoy quips from comedy greats like Bob Hope, Robin Williams, and more. 134 funny quotes that ...
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 ...
The notion of debt-trap diplomacy was coined by Indian pundit Brahma Chellaney (2017), whose argument can be summarised as follows: China uses finance to deliberately ensnare developing countries by extending unsustainable loans which recipients struggle to repay. These loans ‘are often intended not to support the local economy’, and it is ...
Writing in 2023, academic and former UK diplomat Kerry Brown states that China's relationship to the Hambantota port has become the opposite of the theorized debt-trap modus operandi. [ 55 ] : 56 Brown observes that China has had to commit more money to the project, expose itself to further risk, and has had to become entangled in complex local ...