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looking beyond borders

foreign policy and global economy

Archive for the tag “debt trap”

Next Hambantota? Welcome To The Chinese-Funded US$1.4 Billion Port City Colombo In Sri Lanka

Port City Colombo, an ambitious Chinese-funded project to build a new metropolis on a 665-acre island reclaimed from the sea, is set to rise just off the popular spot in a couple of decades. Rising in tandem, however, are concerns about the amount Beijing is lending Colombo, and the circumstances of those loans – with the controversial China-backed Hambantota Port looming large in Sri Lankans’ memory.

Read Here – South China Morning Post

Also Read: Sri Lanka Rejects Fears Of China’s ‘Debt-Trap Diplomacy’ In Belt And Road Projects

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