Must be due to the 'Putin price hike'. /s
I wonder what the Center for Naval Analyses has to say this week. /s/s
I wonder when the Chinese flag will fly over Sri Lankan Parliament Building. /s/s/s
When I first saw this I thought it was the babylon bee
Not to mention a bonehead decision to take the whole country’s agriculture “100% organic,” resulting in immediate 20% reduction of rice and tea production. Both are major export moneymakers.
Belt and Road. Get the belt and hit the road.
"For U.S. policymakers, the bottom-line concern is not really about the fairness of China’s loans anyway but rather about the extent to which friendly states may fall into China’s orbit. If the United States wants to prevent that from happening, it should pay closer attention to the domestic structural and economic factors that drive these states to seek Chinese deals. The start of the Biden administration offers a good opportunity to do that.We are doomed.First, Washington can address the structural obstacles facing small states in the larger international economic system. In particular, it can use its influence in multilateral development banks to assist middle-income countries that have not sufficiently updated their economic practices. Next, the United States should acknowledge the agency of small states and not diminish them as relinquishing sovereignty when they conduct their own commercial infrastructure deals. In the case of Hambantota port, Sri Lanka’s leadership also sought U.S. financing, which was not forthcoming; U.S. investors were uninterested in the project.
As part of its renewed focus on climate change, the Biden administration might consider opportunities to provide development finance to turn Hambantota into a hub for fuel that complies with a January 2020 requirement from the International Maritime Organization (IMO) to curb sulfur content. In the past year, Sri Lanka has relaunched fuel service operations to capitalize on the need for ships to have IMO-compliant fuel.
Pretty names.
I wonder what collateral China has. Usually their belt and road initiatives come with some strict collateral.
China lent billions to poor countries. They can’t pay it back. May 19, 2020
But it looks like India is coming to the rescue...
SriLanka needs between $3 billion to $4 billion this year to pull itself out of an unprecedented economic crisis....India to the rescue with $2 Billion....IMF will likely carry the rest. .....Until next time.
Wait until that happens to the US.
I feel bad for Sri Lanka. Food is gonna be short, they are way overcrowded and do not have the capacity to feed themselves and they do not have the money to buy food in the world market. We can all see what’s coming. Bangladesh is in the same situation as are several African countries.
> the COVID-19 pandemic and fallout from the hostilities in Ukraine
Don’t forget global warming and Y2K! The cause is anything but poor decisions.
If only they had Bitcoin……….
Soon the chinese will repo the island and tell everyone to get off.