224 results found
India is staring at its fourth recession since Independence, first since liberalisation was initiated, and in all likelihood — the worst till date.
While once hegemonic, the Western model of development cannot claim to be morally superior in today’s multipolar world.
It is apparent that panaceas such as debt write-downs only offer short term relief to the debt ridden Eurozone as long as structural imbalances persist. European leaders need to look for a multipronged approach to deal with the problems.
The recent G-20 Summit in Los Cabos, Mexico, featured a pivotal change in the geopolitics of international finance. Emerging economies contributed billions to an emergency IMF (International Monetary Fund) fund designed to provide additional support to the Eurozone nations in case the debt crisis worsens.
Sri Lanka’s Budget 2024 has ambitious proposals that could push the country forward, however, it continues to stare at a long road to economic recov
While MNCs are choosing well-established regional supply chain in East and Southeast Asia for now, India must look to the future.
The need for a more multipolar global currency system is being raised amidst the rise of newer currencies and growing criticism of the US dollar
The conflict in Ukraine and the Chinese footprint in the region may have created the push towards EU enlargement, but does it have the capacity?
The alleged seizure of the Ugandan airport by China has set in motion yet another “debt-trap” debate.
Since the early 2000s, China's debt profile in Sri Lanka has increased rapidly, with estimates indicating that over 20% of the overall debt stock is owed to China. Beijing's lending has been opaque on high-interest loans and has often contributed to several white elephant projects. Much of this lending comes from Chinese policy banks, such as China Exim Bank and China Development Bank that is entrusted to further Beijing's economic and commercial
With a large decline in import duty collection and imposition of high levels of debt due to the China-Maldives FTA, Maldives will find itself in a pre
With US-China rivalry and concerns over the long-term viability of the BRI growing, the third Belt and Road Forum will have much to manoeuvre should i
China’s Belt and Road Initiative (BRI) is central to the country’s ambitious policy reorientation. The energy sector accounts for nearly 40 percent of all investments under the BRI, with significant geostrategic and geoeconomic implications. In recent years, China has adopted a “greening the BRI” strategy, emphasising green energy projects. This brief analyses China’s BRI investments in the energy sector to establish the potential trend
Over the last two decades, China has established a significant economic presence in most African countries. Its lucrative economic investment package, flexible political approach, and focused big-ticket development projects under the Belt and Road Initiative (BRI) provide an ostensibly massive opportunity to African countries. However, the unilateral nature of the initiative, the lack of transparency and accountability to African countries, and t
There is a growing acknowledgment that the China-funded projects are not economically viable in the long term but African nations still view China in
Sri Lanka is pushed to the brink as the Chinese delay debt restructuring
Following the ‘Vaccine Apartheid’ and Russia’s invasion of Ukraine, the CCP has only tightened its grip on the African continent.
The annual parliamentary sittings of China’s National People’s Congress and the Chinese People’s Political Consultative Conference—usually held at the same time—are important political events, with speeches of leaders at the meetings reflecting the country’s policy trajectory. During the last sessions of both in March 2023, President Xi Jinping noted that western countries led by the United States (US) are seeking to “contain and en
Given the existing momentum of Beijing's commercial interactions with the Maldives, China might not have to wait for a more favourable shift in the Ma
The Chinese Communist Party (CCP) has detained an estimated one million Uyghur Muslims in concentration camps in the Xinjiang province for forced re-education and political indoctrination. While the West has deplored China’s actions, the major Muslim countries have defended and even welcomed the policy. China has exploited its economic and diplomatic clout and the growing indebtedness of the Muslim world to subdued any criticism of its actions
Although Bangladesh has been able to seek favourable terms from China, will it manage to leverage economic aid while not allowing China strategic inro
A negative sentiment prevails in China about the Sri Lankan crisis as they claim Sri Lanka is exploiting its position and employing the “victim rhet
As speculation over the demise of the dollar grows, it suits China to fan the flames and pitch Yuan as an alternative
Beijing hopes expansion in the American backyard will make dominoes fall
A close study of how climate change influences the Maldivian economy will help analyse its adaptation needs and identify future opportunities
Renewed proximity with India can help Sri Lanka reduce its dependence on foreign reserves, while giving Delhi the leverage to push for benefits
The COVID-19 pandemic pushed most economies into recession and heightened inequalities within and across countries. Mitigating current challenges requires greater solidarity, innovative thinking, and more effective international development cooperation. This paper makes a case for triangular cooperation as an instrument of development cooperation in current times. It outlines its advantages, examines the challenges involved in such partnerships,
It was New Delhi which first pointed out the drawbacks of the Chinese model.
China is facing crises on multiple fronts. However, when it comes to the upcoming Party Congress, the show must go on.
Despite the high stakes, China’s passivity to the economic crisis in Sri Lanka is related to the limitations of its elite capturing and extensive le
If the current economic crisis in Nepal continues, it could lead to a Sri Lanka-like crisis
After improving between 2000 and 2013, hunger levels have significantly worsened in Africa in the years since. While global food insecurity is currently at an all-time high, Africa's record in addressing undernutrition was not impressive even in the pre-pandemic era when growth rates were higher. There are several challenges to food security in Africa, including short-term external shocks such as the pandemic and the Ukraine-Russia war, and long-
A staggering $20 billion worth of debt split roughly equally between operational and under-construction power projects reportedly at risk and other roundups
The burden of the stratospheric costs that international sporting events entail unavoidably falls on the taxpayers in host cities.
As the world confronts multiple challenges which are intricately connected, our path for development stands at a crucial juncture. In the context of the embroiling polycrisis, progress on the sustainable development goals (SDGs) has been steady but fragile with major and persistent challenges. Financing for Agenda 2030 has emerged as a major bottleneck with several developing economies, especially the least developed countries (LDCs), low-income
Pakistan's involvement in CPEC has led to impractical projects heavily reliant on foreign loans, worsening the country's economic difficulties
Angola is rich in natural wealth, with massive petroleum and diamond deposits across its territory. Most of its people, however, continue to live in poverty. Since its independence in 1975, Angola has had a tumultuous journey: from being a war zone, to becoming a poster child for Chinese engagement in the continent, and since 2015, declining to its current state where the challenges are so massive—negative growth rates, high external debt, risi
जगभरात जागतिक कर्ज वाढत असताना, G20 अध्यक्षपदाची सूत्रे हाती घेतल्यानंतर भारत जागतिक कर्ज संकटाच्या निराकरणात महत्वाची भूमिका बजावू शकतो.
India’s presidency of the G20 is an opportunity to promote the Global South's development narratives and leverage its status as the world's fastest-
हाल के समय में वैश्विक कर्ज़ों के स्तरों में उछाल के चलते
In the first of a two-part series, an assessment is made about whether Australia’s place in the Pacific is as assured as once assumed
Did Russia's quick response of offering the new Greek prime minister with financial aid to sail through the financial crisis help him bargain the new time line for debt rescheduling? Yes or not, the victory of the 'Left' PM in the Greek general elections has given a geo-political twist to Eurozone's troubles.
Dialling down the tax and public debt-driven, active industrial policy model could greenlight private demand-led consumption and private investment-le
President Macron’s recent visit to Sri Lanka intends to provide a larger diplomatic canvas for both countries to strengthen their geopolitical ties
Household savings have merely moved from financial to physical assets, with an increase over time
There is a deeper politics at play here, a politics of negotiation and a transaction of international power games that is diluting the dangers of Paki
We can’t match China’s financial heft but we can leverage our cultural connect with Sri Lanka to strengthen ties
With government overshooting its fiscal deficit target for the current financial year by a larger margin simply spending more and more might well hurt
