Cambodia, Sri Lanka and the China debt trap

27 March 2017
Asia Times
Aid and development / Bilateral development assistance / Multilateral development assistance
development aid / loans / Military Benefactor / Sri Lanka

The influx of Chinese economic assistance into Sri Lanka and Cambodia has raised questions regarding the intentions behind these massive loans. A 2016 International Monetary Fund report showed that Cambodia’s external multilateral public debt is now at US$1.6 billion, while its bilateral public debt with China is US$3.9 billion – 80% of this is owned by China. …

 Veasna Var and Sovinda Po
http://www.atimes.com/article/cambodia-sri-lanka-china-debt-trap/

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