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Tag: Debt Traps

Samoa Prime Minister Tuilaepa Lupesoliai Sailele Malielegaoi (L) shakes hands with Chinese President Xi Jinping (R) at The Great Hall Of The People on September 18, 2018 in Beijing. Tuilaepa, who has ruled since 1999 and entered his country into a large amount of debt with the Chinese Communist Party, was ousted in the last election. His successor has openly declared she will scrap the country’s BRI agreement with Beijing.

Samoa’s First-Ever Female Prime Minister Plans to Scrap Predecessor’s Belt and Road Agreement

Samoa’s incumbent, first-ever female Prime Minister has pledged to withdraw from a controversial $100...

Experts at a meeting earlier this month between the World Bank and International Monetary Fund (IMF), including IMF director Kristalina Georgieva, discussed measures to help ease debt burden in poor countries.

Developing Nations Risk Falling in Chinese Belt-and-Road Style COVID-19 Debt Traps

As developing countries continue to accrue debt due to the Coronavirus Disease 2019 (COVID-19) pandemic...