Free Republic 2nd Qtr 2024 Fundraising Target: $81,000 Receipts & Pledges to-date: $9,358
11%  
Woo hoo!! And we're now over 11%!! Thank you all very much!! God bless.

Keyword: debttrapdiplomacy

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  • Maldives Could Relinquish Control Of An Island As Chinese Loan & Pressure Mounts

    09/19/2020 10:11:15 PM PDT · by libh8er · 7 replies
    EurAsian Times ^ | 09.18.2020
    The Maldives government is now alarmed at the amount of debt it owes to China. With the coronavirus pandemic, the tourism-dependent islands are now finding it difficult to repay the Chinese debt that the previous government took. India and China have been trying to gain clout in the region. Under Former President Abdullah Yameen’s government, China invested millions of dollars in infrastructure projects under Chinese President Xi Jinping’s flagship Belt and Road Initiative (BRI). However, in 2018 Yameen faced election defeat. In an interview with BBC, the current Speaker of Parliament Mohamed Nasheed said that the Chinese debt amounts to...