Ok fair enough.
Are you able to give us the details of the loans that China provided to say Sri Lanka like interest rate, grace period and whether there was any collateral on them?
"The economic crisis in Sri Lanka has nothing to do with China, Chinese loans are nonfactor in the economic crisis and Chinese loans to Sri Lanka are concessional and interest are low" indeed as stated by the Sri Lanka ambassador to China in the following interview in English near the beginning of the interview starting at 9:15 time:
phtv.ifeng.com
There is a following article by the American Atlantic on the myth of Chinese debt trap esp pertaining to Sri Lanka:
The narrative wrongfully portrays both Beijing and the developing countries it deals with.
www.theatlantic.com
As for the specific interests and terms of the loans of the Sri Lanka projects by China, you can find out more from Sri Lanka gov sources I am sure. Chinese loans only comprise 10% of Sri Lanka total external debts and the West and Japan loans comprise more than 80% of Sri Lanka total debts. So, it's impossible for Chinese loans to have big if any effect on the country's economic crisis.
Quotes from a Chines article on Sri Lanka Chinese loans and interests:
我们用数据说话,斯里兰卡现在欠下的500亿美元的外债中,中国进出口银行为其修建港口提供了12亿美元资金,再加上其他方面的借款资金33.8亿美元,
斯里兰卡向中国贷款的总额大约只占到其外债的10%左右,并不是一个很高的比重。
在这部分债务中,优惠贷款占到60%以上,利率2%,管理费0.5%,还款期15至20年。
而斯里兰卡的外部贷款中主要还是来自国际资本市场的借贷,占比达到53%,这才是大头。
Translation:
Let’s talk with data. Among the 50 billion US dollars in foreign debt owed by Sri Lanka, the Export-Import Bank of China has provided 1.2 billion US dollars for its port construction, plus other borrowing funds of 3.38 billion US dollars, the total amount of Sri Lanka’s loans to China It only accounts for about 10% of its foreign debt, which is not a very high proportion.
In this part of the debt, preferential loans account for more than 60%, the interest rate is 2%, the management fee is 0.5%, and the repayment period is 15 to 20 years. Sri Lanka's external loans are mainly from the international capital market, accounting for 53%, which is the bulk.
You can also see the following translated article in English about interest of Chinese loans:
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www-163-com.translate.goog
Quotes from another report of interests of Chinese loans on Sri Lanka, Pakistan and Africa by dep of foreign ministry of China:
华春莹称,《华盛顿邮报》的报道中提到了斯里兰卡和巴基斯坦等国,根据斯里兰卡央行统计,2017年来自中国的贷款仅占斯里兰卡外债的10%左右,其中61.5%是低于国际市场利率的优惠贷款。中方贷款并不构成斯里兰卡外债的主要负担。斯里兰卡官员早已公开表示,汉班托塔港没有所谓“债务陷阱”问题。
华春莹指出,根据巴基斯坦政府的数据,巴42%长期债务来自多边机构贷款,中国贷款仅占10%。中国向巴基斯坦提供的优惠贷款利率约2%,远远低于西方国家向巴提供的贷款,这些数字非常能够说明问题。
Translation:
Hua Chunying said that Sri Lanka and Pakistan were mentioned in the "Washington Post" report. According to the statistics of the Central Bank of Sri Lanka, in 2017, loans from China only accounted for about 10% of Sri Lanka's foreign debt, of which 61.5% was lower than the international market interest rate. preferential loans. Chinese loans do not constitute a major burden on Sri Lanka's foreign debt. Sri Lankan officials have already publicly stated that there is no so-called "debt trap" in Hambantota port.
Hua Chunying pointed out that according to the data of the Pakistani government, 42% of Pakistan's long-term debt comes from loans from multilateral institutions, and Chinese loans only account for 10%. The preferential loan interest rate provided by China to Pakistan is about 2%, which is far lower than the loan provided by Western countries to Pakistan. These figures are very telling.
You can read the full article in the translated English version:
www-toutiao-com.translate.goog
Quotes from another article on the Chinese Loans and Interests on Africa countries and Sri Lanka:
但是耶伦可能忽略了一点:
斯里兰卡对外资源部的数据显示,其外债一共达到510亿美元。其中,斯里兰卡向国际资本市场借款占到其中的47%,向亚洲开发银行借款也占13%,向中国、日本借款各占10%;向世界银行的借款也达到了9%之多。
但无论是在斯里兰卡还是非洲,都没有充足的证据表明中国对其提供的大力经济援助为其制造了巨大的债务陷阱。
从公开统计的数据来看,非洲政府的外债构成中,来自中国的借贷只占到12%,平均利率为2.7%;来自欧美国家的借贷却占到了其中的35%,平均利率更是达到5%。
Translation:
But Yellen may have missed a point: Sri Lanka's foreign debt totals $51 billion, according to data from the Ministry of External Resources. Among them, Sri Lanka borrowed 47% from the international capital market, 13% from the Asian Development Bank, 10% from China and Japan, and 9% from the World Bank.
But neither in Sri Lanka nor in Africa is there sufficient evidence that China's massive economic aid has created a huge debt trap for it. According to public statistics, among the foreign debts of African governments, loans from China only account for 12%, with an average interest rate of 2.7%; loans from European and American countries account for 35% of them, with an average interest rate of 5%.
The full translated Article in English:
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www-163-com.translate.goog
Here are two articles on the causes of the economic crisis in Sri Lanka now:
Hussein Askary, Vice-Chairman of the Belt and Road Institute in Sweden June 10, 2022 As in the the case of Pakistan, which we reviewed last month, Sri Lanka’s debt crisis and financial problems have…
www.brixsweden.org
And here is another Western article on the state of Chinese loans in third world countries, debt traps of the West and the causes of Sri Lanka economic crisis
:
Sri Lanka owes 81% of its external debt to US and European financial institutions and Western allies Japan and India. China owns just 10%. But Washington blames imaginary “Chinese debt traps” for the nation’s crisis, as it considers a 17th IMF structural adjustment program.
mronline.org