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The “debt-trap” narrative around Chinese loans shows Africa’s weak economic diplomacy
The “debt-trap” narrative around Chinese loans shows Africa’s weak economic diplomacy
The “debt-trap” narrative around Chinese loans shows Africa’s weak economic diplomacy

Kenya was said to risk losing its port if it defaulted on the loan, with the Exim Bank of China taking over the port authority’s “escrow account” to regain revenues.... The Sri Lanka port remains the only place in the world where Beijing took control of a state asset, with observers noting that officials understood the damages “debt book diplomacy”…

QZ - Feb 05 15:46 GMT - more ... [ Tags: SriLanka, Economy, China ]

Sri Lanka to receive $1 billion Bank of China loan this quarter
Sri Lanka to receive $1 billion Bank of China loan this quarter
Sri Lanka to receive $1 billion Bank of China loan this quarter

Sri Lanka will receive a loan of $1 billion from Bank of China before the end of the January-March quarter, the chief of the central bank said on Thursday, to help the country meet repayments in the coming months. Sri Lanka is struggling to repay its foreign loans, with a record $5.9 billion due this year including $2.6 billion in the first three months. The…

Reuters - Jan 17 19:50 GMT - more ... [ Tags: World, Economy, China ]

Gary Anandasangaree
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