Bangladesh Caught In Chinese Debt Trap

Bangladesh Joins List of Nations Struggling Under China’s Belt and Road Debt Burde

Bangladesh is facing a major economic problem as rising debt repayments, much of them linked to Chinese loans, squeeze public finances and limit policy choices.

Bangladesh caught in Chinese debt trap

New Delhi, Jan 8 (SocialNews.XYZ) Bangladesh is facing a major economic problem as rising debt repayments, much of them linked to Chinese loans, squeeze public finances and limit policy choices. Senior officials now openly acknowledge that the country has fallen into a debt trap like Sri Lanka and Pakistan, according to a report in the London-based 'Asian Lite' newspaper. Chairman of Bangladesh’s National Board of Revenue M Abdur Rahman Khan sai…

The P1.2-B debt trap: Misor slashes 1,600 jobs

MISAMIS Oriental Governor Juliette Uy revealed that terminating more than 60 percent of the province’s “job order” (JO) workers was a painful but necessary survival measure to save the provincial government from a deepening financial crisis. During her State of the Province Address (SOPA) on Wednesday, Jan. 7, Uy laid out the grim fiscal reality: the province simply lacked the resources to sustain its previous workforce. She attributed the mass …