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Search Result for “Government debt”

Showing 1 - 8 of 8

OPINION

Bedlam reigns in Afghanistan and Pakistan

Oped, Brahma Chellaney, Published on 02/06/2023

» Afghanistan and Pakistan are sinking deeper into disarray, and the US bears a significant share of the blame. As long as this long-troubled region remains in turmoil, Islamist terrorism will continue to thrive, with grave implications for international security.

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OPINION

Of debt and bondage with Beijing

Oped, Brahma Chellaney, Published on 26/11/2022

» Recently released details of Kenya's 2014 loan agreement with China to finance a controversial railway project have once again highlighted the predatory nature of Chinese lending in developing countries. The contract not only imposed virtually all risk on the borrower (including requiring binding arbitration in China to settle any dispute), but also raised those risks to unmanageable levels (such as by setting an unusually high interest rate). With terms like that, it is no wonder some countries around the world have become ensnared in sovereignty-eroding Chinese debt traps.

OPINION

No justification for engaging with Taliban

Oped, Brahma Chellaney, Published on 19/08/2022

» In the year since the United States' disgraceful abandonment of Afghanistan to the Taliban, the country has gone down precisely the path any logical observer would have predicted: a medieval, jihadist, terrorist-sheltering emirate has been established. The US will incur costs for betraying its Afghan allies for a long time to come. But nobody will pay a higher price than Afghans.

OPINION

The dramatic fall of the House of Rajapaksa

News, Brahma Chellaney, Published on 14/07/2022

» For much of nearly two decades, the four Rajapaksa brothers and their sons have run Sri Lanka like a family business -- and a disorderly one, at that. With their grand construction projects and spendthrift ways, they saddled Sri Lanka with unsustainable debts, driving the country into its worst economic crisis since independence. Now, the dynasty has fallen.

OPINION

'Belt and Road' is buckling under scrutiny

News, Brahma Chellaney, Published on 01/10/2018

» On a recent official visit to China, Malaysian Prime Minister Mahathir Mohamad criticised his host country's use of major infrastructure projects -- and difficult-to-repay loans -- to assert its influence over smaller countries. While Dr Mahathir's warnings in Beijing against "a new version of colonialism" stood out for their boldness, they reflect a broader pushback against China's mercantilist trade, investment, and lending practices.

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BUSINESS

India faces difficult choice in the Maldives

Asia focus, Brahma Chellaney, Published on 26/02/2018

» The Maldives -- that beautiful Indian Ocean country comprising more than 1,000 coral islands -- is known the world over as a tranquil and luxurious travel destination. But the country is now being roiled by a political crisis so severe that international advisories are cautioning against travel there.

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OPINION

China heads for imperial overreach

News, Brahma Chellaney, Published on 29/05/2017

» Chinese President Xi Jinping's tenure has been marked by high ambition. His vision -- the "Chinese dream" -- is to make China the world's leading power by 2049, the centenary of communist rule. But Mr Xi may be biting off more than he can chew.

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OPINION

Sri Lanka heads for 'Chinese election'

News, Brahma Chellaney, Published on 15/08/2015

» Sri Lanka’s parliamentary election on Monday promises to shape not only the country’s political future, but also geopolitics in the wider Indian Ocean region, a global centre of trade and energy flows that accounts for half of the world’s container traffic and 70% of its petroleum shipments.