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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 ...
It claims to be the largest port in Sri Lanka after the Port of Colombo and the "biggest port constructed on land to date in the country" and is often cited as an example of China's Debt Trap Diplomacy where the port was leased to pay off Chinese debts. However, in 2017, Sri Lanka experienced a debt distress that was unconnected to Chinese ...
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. [257] After an analysis of the Belt and Road Initiative, Papadimitriou concludes that it is "not so much neocolonialism, rather it is economic regionalism ...
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]
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 ...
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]
Credit Karma found that its Gen Z members' average credit-card debt increased by 3.2% from the first quarter to the second quarter of 2024, while the average debt for millennials, Gen Xers, and ...
Later that same month, Taiwan's president-elect Dr. Ma Ying-Jeou met Australia's former Foreign Minister Alexander Downer, and reportedly promised to put an end to Taiwanese "cheque book diplomacy" in the Solomons. This led Downer to comment: "Under the Chen Shui-bian regime there has been a lot of Taiwanese cheque book diplomacy in Solomon ...