Sri Lanka succumbs to China’s debt-trap diplomacy: Report
Published on: Tuesday 19 April 2022
Sri Lanka is now experiencing its greatest economic crisis since obtaining independence from the British in 1948. The slump is blamed on currency shortages caused by the travel ban imposed during the COVID-19 epidemic. This has resulted in the nation’s inability to purchase sufficient fuel, resulting in an extreme shortage of food and essential commodities such as heating fuel and gas.
News source: https://www.newsday.co.zw/2022/04/sri-lanka-succumbs-to-chinas-debt-trap-diplomacy-report/
