Tag: South Asia
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Pakistan and China Pursue Corridor Dream Despite Financial, Security Risks
By Atika Rehman More than 50 people were killed in late August during multiple attacks in Pakistan’s impoverished southwestern province of Balochistan. Despite extensive infrastructure investments made in the region, mostly through the China-Pakistan Economic Corridor (CPEC), a decades-long insurgency has only ...
Sri Lanka to Save $5 Billion From Bilateral Debt Deal
Sri Lanka will save $5 billion following the restructuring of its bilateral debt, much of which is owed to China, through slashed interest rates and longer repayment schedules, the president said Tuesday. The island nation defaulted on its foreign borrowings in ...
Sri Lanka Seals Debt Deal With China, Others After Crash
By Amal Jayasinghe Sri Lanka said on Wednesday it had clinched a restructuring deal with key bilateral lender China and other nations, covering up to $10 billion in debt. This is a critical step towards recovery after the 2022 financial crash.
IMF Releases Sri Lanka Loan Despite Restructure Delays
The International Monetary Fund released $336 million as part of a bailout loan installment for Sri Lanka despite delays in the crucial restructuring of its foreign debt, including to China, the Washington-based lender said Wednesday. The South Asian nation was starting ...
India-China Relations in Modi’s Third Term
By Saniya Kulkarni & Lukas Fiala The world’s largest democracy has gone to the polls. And while Narendra Modi and the Bharatiya Janata Party (BJP) lost their outright majority, the incumbent Prime Minister resigned on Wednesday to pave the way for a ...
China Congratulates India PM Modi on Election Win
China on Wednesday congratulated Indian Prime Minister Narendra Modi following his election win, adding it was "ready to work" with its neighbor. Both countries have regularly accused each other of trying to seize territory along their unofficial divide, known as the ...
Pakistan PM to Visit China Next Week: Beijing
Pakistan's Prime Minister Shehbaz Sharif will visit China and meet President Xi Jinping next week, Beijing's foreign ministry said on Friday. Beijing is Islamabad's closest regional ally, readily providing financial assistance to bail out its often-struggling neighbor.
Sri Lanka Leases White Elephant Airport Built With Chinese Loans
Sri Lanka said Friday it had leased a white elephant international airport built with Chinese loans to a foreign joint venture as the island nation's bankrupt government seeks to offload loss-making assets. The small airport near a wildlife sanctuary on the ...
Modi Calls for Stable Ties With China and End to Border Dispute
Indian Prime Minister Narendra Modi sat down for an interview with the U.S. news outlet Newsweek and made conciliatory remarks on China, calling for stable ties and a resolution of the long-running border dispute between the two countries. Yet while Modi ...
Terrorism Tops the Agenda at Shanghai Cooperation Organization Meeting in Kazhakstan
National security advisors from the nine member states of the Shanghai Cooperation Organization (SCO) and several observer states gathered on Wednesday in the Kazakh capital, Astana, to discuss the growing threat posed by terrorism in Russia and Central and South Asia. ...
Indian PM Visit to Disputed Border Territory Sparks Angry Chinese Response
China lodged a formal diplomatic protest with the Indian government over Prime Minister Narendra Modi's visit last weekend to a contested border region that China claims as part of "South Tibet" (Zangnan). "China strongly deplores and firmly opposes the Indian leader’s visit ...
India Deploys 10,000 Troops to Chinese Border, Beijing Says Move ‘Not Conducive to Easing Tensions’
The Indian military is bolstering its troop presence along its bitterly contested border with China with the addition of 10,000 soldiers. The troops will be part of a new northern command that will patrol a 537-kilometer stretch in the northern Himalayan ...