Chinese high-cost loans prime culprit for Lankan economic woes

Apr 19, 2022

Colombo [Sri Lanka], April 19 : Sri Lanka's current economic crisis does not seem to slow down due to its major dependence on Chinese...

China may seize Kenyan asset amid mounting debts

Oct 22, 2022

Nairobi [Kenya], October 22 : Accumulated Chinese loans pushed Kenya near default and Beijing may seize Kenyan assets if it could not pay its...

Chinese loans to other countries are predatory, opaque in nature: Report

Jun 21, 2021

Tel Aviv [Israel], June 21 : Chinese loans have surpassed lending by the World Bank and the International Monetary Fund combined together. It has...

Cash-strapped Pakistan requests another year to pay back Chinese loans

Jun 14, 2021

Islamabad [Pakistan], June 14 : A debt-ridden Pakistan has requested its all-weather ally China that it needs another year to pay back a billion...

Colombo crisis fueled by Chinese loans rings alarm for international community

Sep 16, 2022

Colombo [Sri Lanka], September 16 : Sri Lanka's economic crisis has become a wake-up call for the international community as the country has emerged...

IMF intends to ban Pakistan from seeking more Chinese loans: Reports

Jul 06, 2022

Islamabad [Pakistan], July 6 : The International Monetary Fund (IMF) intends to ban Pakistan from borrowing more from China, according to reports.