Tag Archives | China Myth

Real debt trap: Sri Lanka owes vast majority to West, not China

Originally published: Multipolarista on July 11, 2022 (more by Multipolarista)

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.