Country: Sri Lanka
Related Posts
Chinese Netizens Aren’t Keen to Bail Out Sri Lanka
While international calls grow louder for China to restructure Sri Lanka's debt obligations, a very different conversation is going on in Chinese media and online communities. Antara Ghosal Singh, an expert on Chinese domestic development and a fellow at the New ...
China Piled On Debt As Sri Lanka Sank: WSJ
The Wall Street Journal has published a highly critical account of China's involvement in Sri Lanka's debt crisis. It quotes current and former Sri Lankan officials claiming that China discouraged them from seeking an early IMF bailout, offering loans for liquidity support instead.
China’s Shaky Bet on the Rajapaksa Family
Since Sri Lanka's ruling Rajapaksa family's hurried exit as their country descended into chaos, China has been notably quiet. Official responses have been late. When he responded, Zhao Lijian, the Foreign Ministry spokesperson, only said: "China pays great attention to the development ...
What is China’s Real Role in Sri Lanka’s Debt Crisis?
Few debt crises have triggered as much disinformation as Sri Lanka’s. The country is currently grappling with a complex debt restructuring process amid its worst economic crisis since independence. The role of Chinese debt has drawn much attention and many false narratives - not least the allegation that Hambantota Port was ...
Possible U.S.-China Cooperation in Sri Lanka?
Sri Lanka is currently scrambling for support amid its worst economic crisis since independence. But the crisis could provide a rare opportunity for cooperation between China and the United States. Qi Zhenhong, China’s ambassador to the South Asian island state, met with his U.S counterpart Julie Chung this week.
Flurry of Coverage on China’s Rise in the Global South Reveals Indian Anxieties
Few countries are as anxious about China’s rise than India. However, a recent flurry of coverage shows that in contrast to the United States, India’s focus falls squarely on the Global South. These articles also show how central the Indian press and think tank community have been ...
Sri Lanka’s Debt Nightmare Kicks Off Familiar Narratives Abroad
"We have lost the ability to repay foreign debt." This was the message from Sri Lanka’s newly appointed Central Bank Governor Nandalal Weerasinghe to journalists on Tuesday. The announcement could signal a wave of defaults across the Global South and makes Sri Lanka the newest front in a war ...
Renewed Calls For Chinese Debt Relief as Wang Yi Wraps Up Africa & Indian Ocean Tour in Sri Lanka
Chinese Foreign Minister Wang Yi concluded his week-long, five-nation tour of East Africa and Indian Ocean states on Sunday in Sri Lanka, where he held talks with Prime Minister Malina Rajapaksa and his brother President Gotabaya Rajapaksa. The politically sensitive issue ...