Finance

The ‘debt-trap diplomacy’ narrative: A look at the other side

A case study of a controversial Sri Lankan port deal and other Chinese lending practices

The ‘debt trap diplomacy’ narrative has become a defining account of Chinese overseas financing since it was first uttered by the Trump administration. However, as with all ubiquitous narratives, it is worth probing and looking into this claim to understand its validity, what it means, and whom it serves. Let us backtrack and take a
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Eurobonds: strife in the union

From the moment the first coronavirus cases where reported in the Chinese city of Wuhan, many realized that its impact on the world’s economy would be astronomical. Some warned their respective countries – few warnings were heeded, but they were proven right by the rapid and uncontrolled expansion of the virus worldwide. Most states were
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