Funds Europe: Sri Lanka default puts China’s Belt and Road Initiative under scrutiny

”Economic turmoil in Sri Lanka signals that China’s Belt and Road Initiative (BRI) will have to redefine its aims and create a plan that is more financially realistic. Sri Lanka defaulted on its US$50 billion foreign debt in April, with China among the creditors. Surging inflation and mass protests led to the downfall of President Gotabaya Rajapaksa. Rajapaksa had argued that Chinese investment in Sri Lanka’s Hambantota port was purely economic – but India fears that the port has a military purpose, and the crisis suggests that China’s influence on the country could be waning.”

Funds Europe intervjuar bland annat Tundras förvaltare Mattias Martinsson kring Kinas Belt & Road Initiativ (BRI), hur det gått och hur det kommer se ut framöver.

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