Madhuban

China's debt trap is believed to be one of the main reasons behind the political instability in Sri Lanka. China has indebted many countries in Asia and Africa. This leads to political unrest in many countries.     ….   Sri Lanka's economic bankruptcy and the resulting political instability have been the talk of the town for weeks. While searching for the causes of Sri Lanka’s bankruptcy, everything from failed farming policies, the prevalence of the covid and tourism to failed projects like Hambantota are being analyzed. The economic and political upheaval in Sri Lanka also appears to be the main reason for China's mountain of debt. Considering the region from Southeast Asia to South Asia and Africa, many of these countries are stuck in China's 'debt trap', which has led to political instability in many countries. Even though the Sri Lankan chapter is currently underway, the issue of China has been instrumental in the transition of power in Pakistan, Ma...

The Sri Lankan government recently announced its decision to close diplomatic missions in the three countries in a bid to cut spending on overseas operations. The decision highlights Sri Lanka's deteriorating economic situation and the plight of foreign currency reserves. The outbreak of the corona, the decline in the influx of foreign tourists and the funding from foreign nationals are said to be the reasons behind this situation. Apart from these factors, the mountain of debt on the Sri Lankan economy and the exorbitant interest rates of Chinese banks also poses a major challenge to Sri Lanka's debt repayment. This is the root cause of the current situation. At the very last moment, China has joined hands with the Sri Lankan government for currency exchange, and China's efforts to strengthen its grip on the country in the name of keeping the economy afloat are evident.   Many countries are watching the developments in Sri Lanka, which is strategically important in t...

A few days back, Maldives inked MoU in power sector, with Pakistan . The Maldives was used to take guidance from India in each policy and decision, but now it is under great influence of China - Pakistan nexus . Pakistan is a helping hand for Economic - Military power China, to expand their influence in Indian Ocean region . The Maldives is an example of it . ….. Maldives delegation visited Pakistan a few days ago and both countries inked MoU in power sector . According to this MoU, Pakistan will help the Maldives with Human training, participation in staff exchange programmes, participation in experience sharing and institution building activities etc . So far, India played ample role in building infrastructure in the Maldives . Interestingly, PM Narendra Modi a few months ago announced about 100 per cent of electrification of all 7.5 lakhs Indian villages and till February, Lahore had 12 hours load shading . These are facts and still, Maldives government choose an optio...