CGD in the News

A tale of two harbours tells best and worst of China’s ‘Belt and Road’ (Financial Times)

October 18, 2018

By James Kynge 

From the article: 

The story of two ports oceans apart captures the conflicting narratives of the Belt and Road Initiative, China’s scheme to finance and build infrastructure in more than 80 countries. 

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The risk of debt distress is rising in 23 countries with BRI funding, according to a study by the Centre for Global Development. Eight of these countries — Pakistan, Djibouti, Maldives, Laos, Mongolia, Montenegro, Tajikistan and Kyrgyzstan — already have unsustainable levels of sovereign debt. 

Read the full article here