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Tag: Chinese debt trap

Posted on January 22, 2019January 22, 2019

Sri Lanka’s BOP crisis is an eye-opener

In a curious twist to Sri Lanka’s famous “debt trap”, Colombo has approached New Delhi and Beijing in panic to help it somehow meet the unprecedented foreign debt obligations. Eyebrows will be raised. How come Beijing? Yes, it is about Beijing helping Colombo to tackle its real “debt trap” – namely, repayment of maturing loans …

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