Sri Lanka’s financial disaster continues to run uncontrolled and the nation is requesting an emergency bailout from the Worldwide Financial Fund.
Nonetheless, the key money owed the nation has racked up in borrowing from China are standing in the best way of a bailout being agreed.
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Chinese language cash has flooded into many creating nations over the previous few years however some declare that these loans are designed as ‘debt traps’.
It is claimed that if a rustic cannot repay then China is entitled to grab important infrastructure reminiscent of ports and thereby strengthen it is international affect.
Others counsel that China will not be in actual fact exploiting creating nations however their funding could facilitate extra native stage corruption.
Newsnight’s economics editor Ben Chu went to Sri Lanka to analyze the impression of Chinese language cash and what implications this may occasionally have for the worldwide price of residing disaster.
The movie was produced by Scarlett Barter and filmed/ edited by Jack Garland. Manufacturing help was offered by Zaufaran Mohamed.
Newsnight is the BBC’s flagship information and present affairs TV programme – with evaluation, debate, exclusives, and strong interviews.
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Lets be honest…..the president and the family stole the money and made unwanted deals with other countries
Sri Lanka's total Debt is 51 Billion USD. The Chinese debt is 10 Billion USD. So how can it be a Chinese Debt Trap when the rest of the Debt is due to the World Bank & ADB?
*YOU ARE ALSO CORRUPT*
We know BBC has an agenda against China. To be clear should mention the other 90% lenders. China's 10% is mainly on infrastructures like port, hospital etc. How about the rest? The Hambatota port is leased to China until loan can be repaid. That's a win win, for the borrower and for the lender.
Nice try BBC
No such thing as Chinese investments only debt graves
I think yes
When did BBC sold out to Chinese Communist party
America have been using the same trick for DECADES
No. Sri Lanka's family government is the reason for the country's failure. Not China. The western moneylenders want to use this opportunity to hock and spit on China but the western moneylenders are very despicable
And this is why BBC has lost its good reputation
A Chinese proving that China is not at fault. No wonder BBC funding is hitting the ground.
Sri Lanka is a curse country for killing tamil people .more disasters on the way.
Western countries had fought the Islamic world when you should have faced China and Russia, now its game over 🤣
They are a victim of the WEF
The downfall of Sri Lanka because of Chinese Debt Trap
BBC news is for moron to believe, that’s why Europe going broke, control by those fake news, next bankrupt country should be Europe. Run out of gas, euro depreciate and American gaining for Ukraine war.
The west loves to blame China for everything
I thought Bangladesh is the victim. Depth trap is up to the borrowers take it or leave it.
''Debt Trap''?? Chinese set up 'trap' led them straight into borrowing binge just doesn't cut it, argument Sri Lanka government doesn't know every time they borrowed foreign $$, they need to pay back later is quite laughable indeed coming from BBC! 😂😁😂 World will be better off every time a heavily indebted country can't pay back its excessive foreign debt, it should be blamed on 'debt trap' set up by creditor, not the debtor! 🤗