As an active member of the BRI, it’s expected that the close cooperation with China will provide a significant boost to Sri Lanka’s economy through growth of trade, investments and job
opportunities.
These moves underscore that the PCC project serves as a model for promoting Sri Lanka’s economic and social development through Chinese solutions.
Mar 14, 2024
The HIP is a flagship project of cooperation between Sri Lanka and China under the BRI and all these developments are set to bring win-win results to Sri Lanka and China.
Feb 7, 2024
China reaching a preliminary agreement with Sri Lanka, before the group of major creditors signing a MoU has taken the country’s other foreign creditors entirely by surprise and has brought shame upon the U.S., India and Japan who were blaming China for no reason.
Oct 24, 2023
Sri Lanka’s positive reception of Beijing’s debt sustainability support, and a history of partnering together for stability, illustrate the hallmarks of a truly resilient partnership, one that will only grow stronger and translates into a model to follow for relevant parties and international financial institutions.
Feb 7, 2023
The West, after trapping many countries including itself in debts, wants to smear China and the Belt and Road Initiative (BRI) by using the narrative of ‘debt trap’.
Aug 16, 2022
It’s ridiculous to blame China for Sri Lanka’s woes when 90 percent of its debt owes to the U.S. and European financial institutions.
Jul 27, 2022
The numerous mechanisms created by the U.S. are being used to isolate and exclude others. This demonstrates how much debt crises are a product of a world increasingly divided and at odds with itself, threatening the foundations of globalization and post-cold-war prosperity.
Jul 25, 2022
“After its completion, it will take only two hours from Colombo, the capital, to Hambantota, compared to the present journey of four hours or more.”
Oct 15, 2018
Debt Trap is originally a western economic term, meaning that a debtor accepts a debt tempted by certain interests and then is trapped in a long-term debt obligation which is hard to get free from due to high interest rates, changing pay-off plans or unreasonably high penalties for late payments.
Aug 13, 2018
“China got Sri Lanka to cough up a port,” said the New York Times in a widely quoted article published on June 25, 2018.The article claimed, “Every time Sri Lanka’s President Mahinda Rajapaksa turned to his Chinese allies for loans and assistance with an ambitious port project, the answer was yes.
Jul 30, 2018