Debt Trap
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Sri Lanka Current Predicament due to China’s Debt Trap
China is substantially to blame for Sri Lanka’s current position along with the island nation’s rulers’ budgetary profligacy, which is presently wracked by economic and political turmoil. Sri Lanka has received huge loans from China, which it has used to construct an airport and a seaport. The airport, Mattala Rajapaksa International airport, which has been…