Showing posts with label foreign debt. Show all posts
Showing posts with label foreign debt. Show all posts

Thursday, November 09, 2023

China loaned Pakistan $21bn more than reported, study finds

Could this be a nice example of China's debt trap diplomacy? Some of it appears even to be hidden.

"Two decades of Chinese lending to Pakistan totaled about $21 billion more than previously thought, a study revealed this week, while also showing that the cash-strapped South Asian country has the biggest China-funded energy portfolio in the world.

AidData, a research institute at William and Mary University in the U.S., calculated Pakistan's cumulative public debt exposure to China at $67.2 billion for the period from 2000 to 2021. That surpasses the $46 billion recorded for the same period in the World Bank's International Debt Statistics, based on voluntary disclosures from Pakistan. ..."

China loaned Pakistan $21bn more than reported, study finds - Nikkei Asia

Wednesday, May 24, 2023

Friday, February 10, 2023

Will China Dump Pakistan? | Pakistan's Economic Crisis

Recommendable! China wanted to be the creditor of the world! It is learning the hard way that many countries are not good creditors and more like bottomless barrels when it comes to indebtedness!

Thursday, November 11, 2021

Is CHINA using DEBT to CONTROL Africa?

Recommendable!
This video is about China's debt trap diplomacy and buying up Africa! There are 10,000 Chinese private and state owned companies active in Africa. Significant percentages of various sectors of African economies are already owned by China.
China is the largest foreign lender in Africa. China has financed 1 in 5 recent  infrastructure projects in Africa. African countries vote along China's policies in international organisations like U.N.