Domestic debt has pushed Nigeria’s total public debt stock from N41.60tn as of March 2022 to N42.84tn as of June of the same year, showing an increase of N1.24tn in three months, according to the Debt Management Office. The statement read in part, “The Total Public Debt Stock, representing the …
Read More »‘Fair-weather ally?’ How Sri Lanka, Pakistan fell into Chinese debt trap
NEW DELHI: From exacerbating the bankruptcy of Sri Lanka to leaving Pakistan with staggering debt, China has been a silent orchestrator of the economic crisis that has engulfed the two South Asian countries. For many years, experts have been warning low- and middle-income countries against China’s “debt-trap” diplomacy. Yet, with …
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