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Search Result for “rate parity clause”

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OPINION

How Iran is able to beat the US in its war

News, Brahma Chellaney, Published on 06/04/2026

» In a rambling address to the American people on Wednesday, US President Donald Trump claimed that the US war against Iran has been a success, vowing to "finish the job … very fast". It was a statement in obvious conflict with the facts. In reality, Iran has upended the model on which US interventionism has long relied.

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.