China’s Belt and Road Initiative, which is celebrating its 10th anniversary this week, has now advanced more than US$330 billion, which is about 80% of the lending of the World Bank over that period. The …
Tag Archive for: "debt"
The World Bank will soon pick a new president. With the world facing a confluence of climate, debt, energy and security crises, the leadership change comes at a pivotal moment for the institution. A more …
In 2022, Sri Lanka faced its deepest ever economic and political crisis. The country’s descent into chaos accelerated from March, sweeping away high-level bureaucrats and political leaders held culpable for implementing the misguided economic policies …
Recently released details of Kenya’s 2014 loan agreement with China to finance a controversial railway project have once again highlighted the predatory nature of Chinese lending in developing countries. The contract not only imposed virtually …
For nearly two decades, the four Rajapaksa brothers and their sons have run Sri Lanka like a family business—and a disorderly one, at that. With their grand construction projects and spendthrift ways, they saddled Sri …