Sri Lanka questions reliance on China

When Sri Lanka, a key link in the Belt and Road Initiative, sold China a deep-water port in exchange for debt alleviation, it raised eyebrows around the world – yet Colombo continues to borrow from Beijing even as its fiscal situation worsens.

 

IN ADDITION        



Of the many infrastructure projects included in the broad sweep of China’s Belt and Road Initiative (BRI), surely none is as controversial as Sri Lanka’s Hambantota Port.

For critics of the BRI, here, surely, was incontrovertible proof of a premeditated programme of trapping smaller, fragile states in debt to make them financially dependent on China.

On the surface, these voices had a point.

When Sri Lanka started rebuilding the country in 2009, after 26 years of bloody civil war, it had few international allies.

Thanks for your interest in Euromoney!
To unlock this article: