Bangladesh reassesses its Belt and Road Initiative strategy with China as the US offers a new alternative

[nahtanbob]

When u.s.a gives these kind aid infra programs it's done in a way where extracts what ever it wants.



It's capitalism and global trade, where it private corporations go to sellers that provide the best product for their money.

Tell that to Chinese firms

 

[mb444]

They are not doing anything for free

Infrastructure projects do not connect you to anyone
if the price is right go for it

Who does anything for free... you are making out as if US or its allies are offering anything to BD for free.

We require infrastructure for internal growth and connection. We are a sea fearing nation so we are a globally connected anyway.

Uncle sam had offered two point something billion dollars each year to assist Bangladesh's infra.

Really, please share link to this news

 

[Tom-tom]

Who does anything for free... you are making out as if US or its allies are offering anything to BD for free.

We require infrastructure for internal growth and connection. We are a sea fearing nation so we are a globally connected anyway.


Really, please share link to this news

This guy is an bindian, if not he is at heart. He wants to fall under the umbrella of u.s and indirectly-directly India.

He wants democracy in bdesh the way Libya, Iraq and Syria are now... these countries have done very well, they are progressing very well. By inviting them and being cannon fodder and a expendible piece of trash for them.

 

[nahtanbob]

This guy is an bindian, if not he is at heart. He wants to fall under the umbrella of u.s and indirectly-directly India.

He wants democracy in bdesh the way Libya, Iraq and Syria are now... these countries have done very well, they are progressing very well. By inviting them and being cannon fodder and a expendible piece of trash for them.

I do not think Bangladesh is in any position to withstand combined pressure from USA and India

That said I do not think India and USA are working in tandem over Bangladesh. Bangladesh is an insignificant sideshow compared to Myanmar

As far as Syria, Libya and Iraq goes no one outside of Bangladesh wants tens of millions of Bangladeshi refugees

 

[Abdul Rehman Majeed]

So what Is u.s.a exactly offering, other than bdesh to be obligated in its proxy wars and be used as cannon fodder and a bit of bait?

US could arm BD and Rohingyas to the teeth to fight the fascist India and Myanmar.

US = NATO

BD = Ukraine

India = Russia

Myanmar = Belarus

 

[bluesky]

It's capitalism and global trade, where it private corporations go to sellers that provide the best product for their money.

A solemn act must be reciprocated by similar acts. Tell us how BD can reciprocate this American act of importing BD goods and some others like it forgave about $10 billion worth of money it extended to BD. Japan also dis the same.

Now, look at what happened to SL and Pakistan with China's money. They are bankrupt. America has also provided $1.9 billion for Rohingya rehabilitation works.

Should we spit in the sky?

 

[EyelessInGaza]

Whatever the option (or Daddy) chosen, I guess the thing to watch out for is that it doesn’t become the economic equivalent of the Daddy taking out their Belt and thrashing you on the open Road.

 

[etylo]

A solemn act must be reciprocated by similar acts. Tell us how BD can reciprocate this American act of importing BD goods and some others like it forgave about $10 billion worth of money it extended to BD. Japan also dis the same.

Now, look at what happened to SL and Pakistan with China's money. They are bankrupt. America has also provided $1.9 billion for Rohingya rehabilitation works.

Should we spit in the sky?

Fool, SL bankruptcy has nothing to do with Chinese loans that is only 10 percent of its total, but to do with Western ones of more than 80 percent, how many times we proved that. You can choose to not have Chinese to build any infras in your country.

 

[Tom-tom]

Fool, SL bankruptcy has nothing to do with Chinese loans that is only 10 percent of its total, but to do with Western ones of more than 80 percent, how many times we proved that. You can choose to not have Chinese to build any infras in your country.

Your spot on 10-15% of S.L debt is to China. The overwhelming rest is to the west.

This guy may be educated or semi educated, it doesn't mean your eyes are open and you can use your senses.

Other than that or this guy has ulterior motives for South.Asia

 

[bluesky]

Fool, SL bankruptcy has nothing to do with Chinese loans that is only 10 percent of its total, but to do with Western ones of more than 80 percent, how many times we proved that. You can choose to not have Chinese to build any infras in your country.

Are you fooling me with fake data? Read below the internet link. China extended loans to an unnecessary port and has now taken a lease of the same for 99 years. It is almost permanent.

Being a big player, China knew the port would be insolvent. But, it built it for the possible opportunity of taking over it. It is a Chinese trap. It will be a Chinese naval base.

"By the end of June 2022, Sri Lanka owed nearly $40 billion to bilateral, multilateral, and commercial loans, according to the figures released by the Treasury. Chinese loans amounted to 20% of the total debt owed and 43% of the bilateral loans".2023/01/24

 

[etylo]

Are you fooling me with fake data? Read below the internet link. China extended loans to an unnecessary port and has now taken a lease of the same for 99 years. It is almost permanent.

Being a big player, China knew the port would be insolvent. But, it built it for the possible opportunity of taking over it. It is a Chinese trap. It will be a Chinese naval base.

"By the end of June 2022, Sri Lanka owed nearly $40 billion to bilateral, multilateral, and commercial loans, according to the figures released by the Treasury. Chinese loans amounted to 20% of the total debt owed and 43% of the bilateral loans".2023/01/24

Who are you trying to fool ? You just take in whatever the West crap feed you. Where do you get all these garbage info, just out of your mouth ? Its a well proven fact that Chinese loans count for 10 percent. And where do you get the idea the port will be a Chinese naval base ? Out of your hallucination. The port was build under SL request. Dont talk nonsense of Chinese debt trap and other garbage.

Fool, cant you see its exactly 10 percent owned by Chinese in the linked chart.


Ownership of Sri Lanka’s Outstanding Foreign Debt in 2020

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Sri Lanka owes approximately 40% of its total central government debt to foreign creditors in the form of bilateral debt, multilateral debt and financial markets. The above infographic shows the distribution of ownership of the outstanding foreign debt balance as at end of 2020.

A Detailed breakdown of the loans can be found below:


Agency Value of Debt in
(LKR Mn) Percentage Contributed
Multilateral 1,601,482 23%
ADB 865,457 13%
IDA 593,238 9%
IFAD 32,153 0%
Other 110,634 2%

Bilateral 1,162,973 17%
Japan 659,260 10%
India 146,530 2%
China 124,665 2%
Other 232,518 3%

Financial Markets 4,110,181 60%
ISB 2,619,035 38%
Export-Import Bank of China 528,403 8%
Foreign Currency Term Financing Facilities 279,612 4%
Other 683,131 10%

Total Debt 6,874,636 100%
2022-02-15

Ownership of Sri Lanka’s Outstanding Foreign Debt in 2020

Sri Lanka owes approximately 40% of its total central government debt to foreign creditors in the form of bilateral debt, multilateral debt and financial markets. The above infographic shows the distribution of ownership of the outstanding foreign debt balance as at end of 2020.

publicfinance.lk

 

[dbc]

Who are you trying to fool ? You just take in whatever the West crap feed you. Where do you get all these garbage info, just out of your mouth ? Its a well proven fact that Chinese loans count for 10 percent. And where do you get the idea the port will be a Chinese naval base ? Out of your hallucination. The port was build under SL request. Dont talk nonsense of Chinese debt trap and other garbage.

Fool, cant you see its exactly 10 percent owned by Chinese in the linked chart.


Ownership of Sri Lanka’s Outstanding Foreign Debt in 2020

SHARE THIS
Sri Lanka owes approximately 40% of its total central government debt to foreign creditors in the form of bilateral debt, multilateral debt and financial markets. The above infographic shows the distribution of ownership of the outstanding foreign debt balance as at end of 2020.

A Detailed breakdown of the loans can be found below:


Agency Value of Debt in
(LKR Mn) Percentage Contributed
Multilateral 1,601,482 23%
ADB 865,457 13%
IDA 593,238 9%
IFAD 32,153 0%
Other 110,634 2%

Bilateral 1,162,973 17%
Japan 659,260 10%
India 146,530 2%
China 124,665 2%
Other 232,518 3%

Financial Markets 4,110,181 60%
ISB 2,619,035 38%
Export-Import Bank of China 528,403 8%
Foreign Currency Term Financing Facilities 279,612 4%
Other 683,131 10%

Total Debt 6,874,636 100%
2022-02-15

Ownership of Sri Lanka’s Outstanding Foreign Debt in 2020

Sri Lanka owes approximately 40% of its total central government debt to foreign creditors in the form of bilateral debt, multilateral debt and financial markets. The above infographic shows the distribution of ownership of the outstanding foreign debt balance as at end of 2020.

publicfinance.lk

nice try, your figures exclude loans to State owned enterprise, export credits and liabilities through currency swap agreements. All in China's share in Sri Lanka's debt is at 22%.

Here is paper co-authored by two Sri Lankan economist.

https://static1.squarespace.com/static/5652847de4b033f56d2bdc29/t/638689771d0e3c4beb14bf2f/1669761400150/Briefing+Paper+-+Sri+Lanka+Debt+-+V5.pdf

 

[etylo]

nice try, your figures exclude loans to State owned enterprise, export credits and liabilities through currency swap agreements. All in China's share in Sri Lanka's debt is at 22%.

Here is paper co-authored by two Sri Lankan economist.

https://static1.squarespace.com/static/5652847de4b033f56d2bdc29/t/638689771d0e3c4beb14bf2f/1669761400150/Briefing+Paper+-+Sri+Lanka+Debt+-+V5.pdf

I dont know what kind untrustworthy info you quote, its only two people's opinion. The one I put up is from reputable studies of SL loans, it clearly shows China owns 10 percent, the fact is clearly widely accepted by the world. Even in your article, the authors do conclude SL is not a victim of so called "Chinese Trap", China is not responsible for SL financial trouble, interests on Chinese loans are much lower than your European loans, your Western loans account for the largest share of total SL loans nearly 80%, so dont talk nonsense.

 

[dbc]

I dont know what kind untrustworthy info you quote, its only two people's opinion. The one I put up is from reputable studies of SL loans, it clearly shows China owns 10 percent, the fact is clearly widely accepted by the world. Even in your article, the authors do conclude SL is not a victim of so called "Chinese Trap", China is not responsible for SL financial trouble, interests on Chinese loans are much lower than your European loans, your Western loans account for the largest share of total SL loans nearly 80%, so dont talk nonsense.

Untrustworthy ok, then I guess we should disregard the findings of the report written by Sri Lankan economist using data provided by the Ministry of Finance , the Committee of Public Enterprises (COPE) and the National Audit Office. Instead, we should all listen to a poorly informed, flag waving little pink. If you lack the patience or the mental faculties to comprehend the report I will summarize the key points.

1. China is Sri Lanka's largest creditor
2. It isn't China's fault
3. poor fiscal management and corruption by the Sri Lankans is the root cause of the country's debt burden.

5. CONCLUSION The story of Chinese lending to Sri Lanka has been a complicated and controversial one. While the popular narrative of Sri Lanka getting caught in a Chinese debt-trap has been debunked on many occasions, it is constantly repeated like a mantra when Sri Lanka’s economic woes are reported or referred to. In the run up to and since the April 2022 default on the government’s external debt, the Chinese debt-trap narrative has once again become amplified. Our paper is an attempt to give a detailed account of Chinese lending to Sri Lanka and demystify the evolution of Chinese debt flows to Sri Lanka in the post 2000 era. Our aim was to pay attention to every detail we could find to tell the complete story and separate myths from the reality. Our findings, based on archival research, information requests and informant interviews confirm that it is incorrect to brand Sri Lanka as a victim of a Chinese debt trap.

 

[etylo]

Untrustworthy ok, then I guess we should disregard the findings of the report written by Sri Lankan economist using data provided by the Ministry of Finance , the Committee of Public Enterprises (COPE) and the National Audit Office. Instead, we should all listen to a poorly informed, flag waving little pink. If you lack the patience or the mental faculties to comprehend the report I will summarize the key points.

1. China is Sri Lanka's largest creditor
2. It isn't China's fault
3. poor fiscal management and corruption by the Sri Lankans is the root cause of the country's debt burden.

5. CONCLUSION The story of Chinese lending to Sri Lanka has been a complicated and controversial one. While the popular narrative of Sri Lanka getting caught in a Chinese debt-trap has been debunked on many occasions, it is constantly repeated like a mantra when Sri Lanka’s economic woes are reported or referred to. In the run up to and since the April 2022 default on the government’s external debt, the Chinese debt-trap narrative has once again become amplified. Our paper is an attempt to give a detailed account of Chinese lending to Sri Lanka and demystify the evolution of Chinese debt flows to Sri Lanka in the post 2000 era. Our aim was to pay attention to every detail we could find to tell the complete story and separate myths from the reality. Our findings, based on archival research, information requests and informant interviews confirm that it is incorrect to brand Sri Lanka as a victim of a Chinese debt trap.

That is what I am saying in my comment, SL is not a victim of so called Chinese Debt Trap you like to characterize as in your previous posts, it has more to do with your high interest large amount Western loans to SL instead, you all out Yankee cheerleader just coveniently ignore such findings of the article in your previous comment and try to blame SL financial problem on China, shame on you.