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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 ]

The Crisis in Sri Lanka
The Crisis in Sri Lanka

Under these circumstances, no Sri Lankan president since 1978 from either of the two main national parties seriously contemplated abolishing the executive presidency, least of all Mahinda Rajapaksa, whose Eighteenth Amendment to the constitution in 2010 got rid of the two-term limit on the most powerful office of the country. To be sure, it was he who deployed its…

Jacobin Magazine - Feb 01 19:14 GMT - more ... [ Tags: History, SriLanka, Genocide ]

Gary Anandasangaree
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Riding 'The Death Train' to America's border