#Debt
Why We Should Stop Talking about China’s Belt and Road Initiative
China’s most famous global initiative enters its second decade even as it remains mostly an empty slogan. Having bought into China’s successful mythmaking, the West has unwittingly helped to keep it alive.
Is Sri Lanka a Victim of a Chinese Debt Trap? Well, It’s Complicated
The recent economic crisis and political unrest in Sri Lanka prompted a soul-searching as to whether China’s actions over the previous decade trapped Sri Lanka into a debt trap, a question that needs a nuanced answer.
China’s Global South Messaging Hits a Snag in Sri Lanka
The Chinese government is messaging loudly that a China-centric international order would best serve the interests of the Global South. The current crisis in Sri Lanka seems to run counter to that narrative. After…
Montenegro’s Debt Success Orphaned at Birth
This article was originally published by CEPA and is republished here with the permission of the author. Anyone doubting the risks of dealing with China should examine the case of Montenegro to see how…
Why the EU Must Deal with Montenegro’s Chinese Debt
Dritan Abazović, Montenegro’s deputy prime minister, formally requested the European Union’s help in repaying the debt to the Exim Bank of China in late March. The appeal not only renewed the EU’s focus on…
Watchdogs Detail Damage Done by China in the Western Balkans
Construction of the Bar – Boljare highway in Montenegro by China’s China Road and Bridge Corporation (CRBC) has brought irreversible damage to the UNESCO-protected Tara River. Known as the “Tear of Europe”, its riverbanks…