As Sri Lanka, like many other developing countries, escalates its engagement with China’s ambitious Belt and Road Initiative (BRI), the question of debt entrapment requires a more rigorous review. Criticism of Chinese loan disbursements have focused not only on the volume of funds, but also on the terms. However, the author argues that, Chinese loans are not the primary cause of Sri Lanka’s debt imbroglio; but, they have contributed to, and possibly aggravated, the problem.
Sri Lanka occupies a pivotal position as a strategic asset to both India and China, and despite its role as a pioneer of SAARC, the country is increasingly turning towards broader engagement with East Asia. This blog examines how Sri Lanka can delicately balance both Indian and Chinese interests to its advantage, to leverage the benefits of both regional superpowers.
Sri Lanka is currently negotiating a Free Trade Agreement (FTA) with China. In this article, Janaka Wijayasiri looks at Pakistan-China FTA, which has been in place since 2006 and draw important lessons for Sri Lanka.
China’s new Five year plan appears to indicate a shift in economic priorities. This article delves further into this development and assesses the impact of this re-positioning on the Sri Lankan economy.
This article argues that the ability of Sri Lanka’s forthcoming FTA with China to capitalize on the FTA depends on the country’s capacity to simultaneously address both tariff and non-tariff measures in China.