New Report Debunks Chinese Debt Trap Narrative in Sri Lanka
The China-Global South Podcast
Sri Lanka External Debt - Is There Hidden Debt?
Bonds from about 2016-17 onwards we started having a lot of annual repayments coming due on the ISVs right. They were maturing so we had to pay the principal and that's about you know 1 billion every year. So that means we also need it vital to go out and issue new sovereign bonds to refinance the maturing bonds. And that's what precipitated the current crisis right was the bonds coming due not the bilateral debt as much correct? Yes. No, MeSH. You make the point in the report that there is no hidden debt because there's been a lot of discussion in relation to Chinese debt about off-book debt over the last year or so.
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