ASX-Dividend-Report-Banner

Does the BRI Lead to "Debt Trap"?

October 19, 2023 01:48 PM AEDT | By Cision
Follow us on Google News: https://kalkinemedia.com/resources/assets/public/images/google-news.webp
 Does the BRI Lead to
Image source: Kalkine Media

BEIJING, Oct. 19, 2023 /PRNewswire/ -- An interview with Bai Lu, commentator of China.org.cn, on some facts concerning the BRI:

Q: Has the Belt and Road Initiative raised some countries' debt burdens, pushing them into the so-called "debt trap"?

A: My answer is no. As we know, infrastructure projects under the Belt and Road Initiative are characterized by large up-front investments and long construction periods. So, it is obviously a biased approach to deny its long-term gains just because of the absence of short-term profits. Private commercial creditors and multilateral agencies are indeed the largest creditors of developing countries. According to estimates by the World Bank in 2022, in the next seven years, 67% of low- and middle-income countries' repayment of previous debts will go to private commercial creditors and multilateral agencies. So, it defies logic to correlate the "debt trap" to the Belt and Road Initiative.

China Mosaic

http://chinamosaic.china.com.cn/index.htm

Does the BRI Lead to "Debt Trap"?

http://www.china.org.cn/world/2023-10/18/content_116757257.htm

 


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

Recent Articles

Investing Tips

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.