Wednesday, 28 September, 2022
TopicDebt trap

Topic: Debt trap

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’.

Two phrases critics of China’s BRI must not use – debt trap & threat to sovereignty

The debt trap argument overlooks a range of short to medium-term economic problems that BRI creates for host countries.

On Camera

YourTurn

The logo of the Adani Group is seen on the facade of one of its buildings on the outskirts of Ahmedabad | Reuters file photo

From ports to energy transition — Adani Group to invest over $100 billion in next decade

Speaking at Forbes Global CEO Conference in Singapore, Adani said the group intends to do more as a solar player & has earmarked 70% of the investment for the energy transition space.

Defence

Parts of Iranian made 'suicide' drone Shahed-136 after being shot down by the Ukrainian military | Reuters

All about Shahed-136, Iran’s ‘kamikaze’ drone that Russia is using to strike Ukraine

Over the past few days, Russia has hit multiple targets using these Iranian-supplied drones—including civilian structures and amenities—leading to the death of several Ukrainians.
Illustration by Soham Sen | ThePrint

AAP’s filling a big vacuum in Indian politics. Question is how long it can sustain without ideology

If you find admiration for AAP qualified, if not muted among many of the Modi-BJP’s critics, it is because they question it for its lack of ideological clarity. Especially on secularism.
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