Truth, Inspiration, Hope.

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 million Belt and Road Initiative (BRI) construction project with the Chinese Communist Party (CCP) signed by her predecessor. Fiame Naomi Mataafa...
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, economists are concerned that creditors such as China will exploit their situations through debt-trap diplomacy. While panelists at a recent...