New Report Debunks Chinese Debt Trap Narrative in Sri Lanka
The China-Global South Podcast
Sri Lanka's Debt Crisis: A Look at China's Role
There was no hidden debt, but the way that the debt was classified either by the government looking at bilateral loans only not paying attention to what the state owned enterprises did, or by the state looking at all loans not just bilateral loans, resulted in a debt increase of 19.6%./nThe William & Mary College report found that China has been issuing rescue loans to Sri Lanka totaling $32.83 billion since 2017. These loans are off book and the purpose is to prevent borrowing countries from collapsing.
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