China Debt Trap News

Videos

Muizzu Repeats Mentor's Mistake, IMF Warns Maldives Of 'High Debt Distress' Amid India Vs Maldives

From 2013 to 2018, former Maldives President Abdulla Yameen borrowed heavily from Beijing for construction projects. In 2021, Maldives foreign debt was 3 billion dollars, according to the World Bank. In November 2023, IMF warned Maldives that they're at a high risk of external debt distress. Now, IMF has raised a red flag again, saying that they're at a high risk of debt distress. Without getting into exact details of the foreign debt, IMF says that Maldives must URGENTLY adjust their policy. But Muizzu seems to be set on repeating his mentor's mistake. Watch

9 Feb 2024
Videos

How The World Can Bare Chinese Debt-Traps | Mint Primer

Loans of more than $59 billion from Chinese institutions to projects in Belt and Road Initiative (BRI) countries have been renegotiated since the Covid breakout—an increase of three times in the previous two years.

26 Nov 2022
Opinion

Opinion | The backlash against China is growing

Mahathir Mahathir's warnings against 'a new version of colonialism' stood out for their boldness, they reflect a broader pushback against China's mercantilist trade, investment, and lending practices

4 min read4 Oct 2018

Popular Topics

Budget

The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

25 Articles

ICICI Bank

Shares of ICICI Bank had a drop of -0.45% to Rs. 852.05 at closing today.

2 Articles