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Lanka reeling under China's debt-trap; Panagariya flags dubious investments
Published on Jul 15, 2022 05:35 pm IST
Sri Lanka an example of how big-ticket Chinese investments can go awfully wrong. Crisis-hit Sri Lanka is part of china's so-called Belt and Road Initiative (BRI). The project aims to fund & build infra linking China to other parts of the globe. Untenable debt-for-infra deals help Beijing further its geostrategic interests. The Rajapaksa family turned to China for loans since the civil war ended in 2009.
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