The person in charge of the US foreign aid agency calls on China to help Sri Lanka and other countries that borrow from Beijing to make debt reorganization, rather than providing credit quotas and emergency loans for these countries.
According to the Voice of the United States and the Associated Press, the US International Development Agency (USAID) Director Samantha Power said on Wednesday (July 27) in India that India has been trapped in 20 years in 20 years.Sri Lanka, the most serious economic crisis, provides "key" assistance measures, and China has provided Sri Lanka in the past 20 years that "loan interest rates are higher than other lenders' opaque loan agreements", providing financing for infrastructure projects that are usually not practical.
She said: "The biggest question is whether Beijing will reorganize debts and the degree of reorganization is the same as other bilateral debt." She warned that although the crisis in Sri Lanka was caused by multiple different factors, it was caused by multiple different factors, but the crisis of Sri Lanka was caused by multiple different factors, butNot a special case.Several countries in Africa and Asia also look forward to the call of their debt restructuring.
Ball said: "It is indeed important that Beijing must be transparent and under fair conditions to participate in debt reduction with all other credit party."
Sri Lanka has announced bankruptcy and pauses a foreign loan of US $ 51 billion (S $ 70.336 billion).Crisis leads to severe fuel, gas, and drug shortage, and people must have long queues when they buy key supplies.This triggered a large -scale protest, and President Gotabaya Rajapaksa was stepped down.
The Sri Lanka government is preparing for the debt restructuring plan, which is a condition for the country's negotiation and assistance plan for the International Monetary Fund (IMF).Sri Lanka owed China for 10%of all debts in Sri Lanka, but China is unwilling to provide debt reduction.
Climate shocks have worsened the economy of various countries that have been severely damaged due to great epidemic diseases, and the war in Ukraine has exacerbated global food and energy shortages.Ball pointed out that with the rise of inflation, more than a dozen countries have happened to protests related to rising food and energy prices.
