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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 ...
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 ...
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]
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 ...
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 ...
President Donald Trump will propose cutting billions of dollars in U.S. foreign aid in his fiscal 2021 budget while seeking an increase in funds to counter developing economic threats from China ...