Tag: debt-trap
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Indonesia to Renegotiate High-Speed Rail Cost-Sharing with China
Indonesia will reopen talks with China on how to split a $1.2 billion cost overrun on the Jakarta–Bandung high-speed rail, Whoosh, as a new state holding prepares a debt restructuring for the operator. Whoosh is a 142-kilometer Jakarta–Bandung line that ...
Don’t Worry Africa… China Isn’t Going to Seize Your Assets, But They’re Also Not Going to Forgive Your Debts
There is a sense of anxiety over Chinese debt in several African countries and beyond. From Zambia to Kenya, Uganda, and now even in the small Balkan country of Montenegro. Repeated assurances from China and borrowing countries that the debt situation is under ...