Posted inAT Finance, Myanmar

Poor and isolated, Myanmar backs into a China debt trap

Myanmar lawmakers have sounded alarm over the country’s high and rising debts owed to China, urging the National League for Democracy (NLD)-led government to pay back the loans as fast as possible to avoid a sovereignty-eroding debt trap. With foreign exchange reserves at a meager US$6.35 billion in 2018 and the national debt estimated at […]

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