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Saturday, November 2, 2024
TopicDebt trap

Topic: Debt trap

India invites 120 nations to G20 plus summit to discuss debt traps & other concerns

India will hold 'Voice of Global South' summit on 12 & 13 January. Inputs from developing nations will be channelised into larger discourse, says foreign secretary Vinay Kwatra.

Pakistan can’t catch a break. IMF won’t give loans to ‘clear debt’. China won’t start CPEC

Pakistan and IMF are engaged in tough talks in Doha over the $3 billion loan programme. It's just that IMF can see through Debt-ridden Pakistan's designs.

Soon Pakistan will be next Sri Lanka. What it means for India as China’s debt trap grows

When Pakistan goes bankrupt in a few months, China could be looking for an alternative route to ports in the Indian Ocean. Can Delhi alter the South Asian geopolitics?

India lost the first mover advantage but there’s benefit to gain from Indo-Pacific forum

India's centrality in the Indo-Pacific trade architecture should have made New Delhi launch IPEF much before US President Joe Biden did. It can still be a rule maker.

Sri Lanka may be a teaser for a global default crisis

Global markets see Sri Lanka as an omen for more defaults in the developing world as countries face a growing, post-Covid debt burden.

China’s ‘debt-trap diplomacy’ played role in Pakistan, Sri Lanka crises. But it’s not the cause

China has a history of hiding loans as trade credit or routing them through special purpose vehicles. It exacerbated, but didn't cause economic mismanagement in borrowing nations.

Sri Lanka in ‘debt trap’, India’s response shows pushback against China has begun

While China waits for a Hambantota Port-like 'takeover' of Colombo port city, India has responded with great alacrity to Sri Lanka’s financial needs.

How better institutional credit is shielding poor from moneylenders in rural India

The share of traditional moneylenders to rural credit has come down significantly as institutional financing has become more accessible in a post Jan-Dhan account-holding India.

World Bank calls on China to cancel debt to coronavirus-hit poor countries

Of the amount due in the G20 debt plan, $7.17 billion, was to China and the amount is likely to rise to $10.51 billion next year if the debt service is extended.

Most countries don’t know how much they owe China — and it’s a lot

With loans totalling over $700 billion, a new study has found that over half of China’s lending to developing countries is ‘hidden’.

On Camera

As a Hindu Canadian, I am deeply hurt by cancellation of Diwali. My community is now sidelined

Canada faces serious foreign interference issues, but these challenges must not be weaponized to unfairly target friendly and important allies like India.

Watch CutTheClutter: Flattening INR-USD rate, and debate on pros and cons of a ‘strong’ rupee

In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.

Indian firms sanctioned by US didn’t violate laws, says MEA. Hyderabad firm that supplied to Army on list

Among 19 Indian firms sanctioned by US Treasury Dept was Lokesh Machines Ltd accused of coordinating with 'Russian defence procurement agent to import Italy-origin CNC machines'.

Xi wanted to teach India about imbalance of power. We should take a budgetary lesson from it

While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.