Wednesday, July 27, 2022

Loans infringing on sovereignty problematic: USAID chief on Lanka crisis

While lauding India's economic assistance to Sri Lanka, visiting US Agency for International Development (USAID) Administrator Samantha Power cited China's "opaque" loan deals with the island nation at very high rates of interest as one of the reasons for the country's current financial predicament.

from Times of India https://timesofindia.indiatimes.com/world/south-asia/loans-infringing-on-sovereignty-problematic-usaid-chief-on-sri-lanka-crisis/articleshow/93170114.cms
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