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China's foreign aid could create unsustainable debt and environmental issues in developing countries

By Hicbd
Fri Dec 11 2020 2:32 pm

"In South Asia, the now infamous Hambantota port deal in Sri Lanka (where Sri Lanka ended up selling a port to China to pay off the debt accrued by building it) has crystalized concerns that some Chinese loans-for-infrastructure deals might create unsustainable debt burdens that harm countries’ development aims."

URL:
https://carnegieendowment.org/2020/01/08/how-china-is-reshaping-international-development-pub-80703
https://www.dw.com/en/china-a-loan-shark-or-the-good-samaritan/a-48671742
https://theconversation.com/is-china-worsening-the-developing-worlds-environmental-crisis-100284

URL Credit

Categories:
Environment Foreign Aid International Development / Foreign Aid / NGOs Climate Change / Global Warming Emerging Markets Investment China World Bank International Monetary Fund (IMF)

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