China's lending practices push Maldives toward sovereign default

Mar 13, 2025

The Maldives is grappling with a mounting debt crisis that threatens its economic sovereignty, as foreign exchange reserves dwindle to precarious levels while substantial...

"Don't think that Maldives can prosper without...India": Former President Nasheed

Mar 17, 2025

Nasheed's comments come as the Maldives faces a mounting debt crisis, exacerbated by China's lending practices and trade policies.

Pakistan's public sector enterprises suffocate under mounting PKR 1.7 trillion debt

Jul 08, 2024

Despite a substantial loan from the Asian Development Bank (ADB) aimed at bolstering reforms, the cumulative debt of PSEs has soared to PKR 1.7...

China cuts down investment pledges for Africa amid mounting debt fears

May 09, 2022

Beijing [China], May 9 : While infrastructure projects are one of the main priority areas in China-Africa cooperation, Beijing has cut down on its...

Laos-China railway opens as experts raise concerns over mounting debt

Dec 03, 2021

Vientiane [Laos], December 3 : Laos has opened a USD 6 bn Chinese-built railway on Friday, the biggest public works project in its history,...

Sri Lanka succumbs to China's debt-trap diplomacy: Report

Apr 12, 2022

Colombo [Sri Lanka], April 12 : Sri Lanka, a thriving island country with a population of 22 million, has succumbed to China's debt-trap diplomacy...