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China’s “debt trap” in Sri Lanka and beyond

China’s financial practices in Sri Lanka have created a deteriorating debt balance approaching 100% of GDP. Along with Sri Lanka, eight other nations are projected to fall into a “vulnerable” debt situation with China, according to the Center for Global Development, through Belt and Road Initiative investment debts. These countries include Djibouti, Kyrgyzstan, Laos, the Maldives, Mongolia, Montenegro, Pakistan, and Tajikistan. 

Source: China’s “debt trap” in Sri Lanka is even worse than we thought — Quartz

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