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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. At first, only China answered the call. Its development banks were flush with cash and many were only too willing to lend. The introduction of the BRI, president Xi Jinping’s flagship plan to rewrite the global trade map in China’s image, accelerated the flow of capital into the south Asian state, long seen as one of Beijing’s staunchest regional allies.
