Search results
Results from the WOW.Com Content Network
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 alleged "neocolonialist intentions" can be disproved by Sri Lanka's Hambantota Port project on the southeast coast of Sri Lanka, one of the most cited examples of debt-trap diplomacy. [252] After an analysis of the Belt and Road Initiative, Papadimitriou concludes that it is "not so much neocolonialism, rather it is economic regionalism ...
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 ...
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]
The Group of 20 major economies should extend a freeze on official bilateral debt payments by the world's poorest countries through 2021, and permanently reduce the debt load of some of the most ...
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]
China financed Hambantota International Port in Sri Lanka, which drew allegations of debt-trap diplomacy when Sri Lanka defaulted on its loans and China took control of the port for 99 years. [39] Some western analysts have suggested China's debt-trap diplomacy may hide hegemonic intentions and challenges to states' sovereignty. [40]
Debt dependence or debt dependency may refer to: Debt-trap diplomacy, a country's loss of autonomy due to imposed debt; Debt bondage, the nonindependence or slavery of a person due to debt; Debt slavery and the bible, historical and theological approach to debt slavery