TFIPOST हिन्दी
TFIPOST Global
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    death anniversary of shyama prasad mukherjee

    From Sacrifice to Sovereignty: How Modi’s India Is Realizing Shyama Prasad Mukherjee’s Vision

    FATF’s Rare Public Censure of Pahalgam Attack Strengthens India’s Case Against Pakistan

    FATF Flags India’s 2020 Seizure of Missile-Bound Tech Headed for Pakistan

    Kejriwal’s Delhi Debacle: From Dominance to Defeat

    Arvind Kejriwal Eyes Rajya Sabha Entry After AAP’s Ludhiana By-poll Win

    SCO Summit: Ajit Doval to Corner Pakistan, Gauge China’s Stance

    SCO Summit: Ajit Doval to Corner Pakistan, Gauge China’s Stance

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    US-Iran Tensions Shake Global Markets

    US-Iran Tensions Shake Global Markets; Oil Prices Surge and Safe-Haven Assets Rise

    What Is a Demat Account? Use It With an Online SIP Calculator to Maximize Returns

    What Is a Demat Account? Use It With an Online SIP Calculator to Maximize Returns

    India Makes Global Strides in QS Rankings 2026 with Record 54 Institutions

    India’s Education Sector Makes Global Strides in QS Rankings 2026 with Record 54 Institutions

    Get Insurance: Secure your Tomorrow with Confidence

    Get Insurance: Secure your Tomorrow with Confidence

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    ICRA’s analysis highlights that defence companies are benefitting from strong execution progress

    India’s Defense Sector Set for 15–17% Growth in FY26: ICRA Report

    India’s Hypersonic Glide Missile Nears Completion, Says DRDO Chief

    India’s Hypersonic Glide Missile Nears Completion, Says DRDO Chief

    British F-35 Fighter Jet Stranded: Technical Glitch Grounds Stealth Aircraft

    British F-35 Fighter Jet Stranded in India for 4 Days: Technical Glitch Grounds Stealth Aircraft

    reliance infrastructure in strategic partnership

    Reliance Infrastructure and Dassault Aviation Expand Falcon Jet Manufacturing to India

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    FATF’s Rare Public Censure of Pahalgam Attack Strengthens India’s Case Against Pakistan

    FATF Flags India’s 2020 Seizure of Missile-Bound Tech Headed for Pakistan

    SCO Summit: Ajit Doval to Corner Pakistan, Gauge China’s Stance

    SCO Summit: Ajit Doval to Corner Pakistan, Gauge China’s Stance

    Trump Enters Iran-Israel War Without an Exit Plan: Escalation Risks Global Fallout

    Trump Enters Iran-Israel War Without an Exit Plan: Escalation Risks Global Fallout

    PM Modi's visit may propel for India-Canada FTA

    Indian and Canada Keen to Get Over the Khalistan Issue and Reinvigorate Bilateral Ties

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    death anniversary of shyama prasad mukherjee

    From Sacrifice to Sovereignty: How Modi’s India Is Realizing Shyama Prasad Mukherjee’s Vision

    Rohith Vemula Bill Sparks Outrage Over Flawed Premise and Vote-Bank Politics

    Karnataka’s Rohith Vemula Bill Sparks Outrage Over Flawed Premise and Vote-Bank Politics

    Kamakhya Devi Temple- Ambubachi Mela

    Where the Goddess Bleeds: Inside the Sacred Mysteries of Kamakhya Temple

    Yoga as India's soft power

    As the World Bends, India Leads: Yoga Day and the Quiet Strength of Soft Power

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    mistakes to avoid during yoga

    6 Common Yoga Mistakes to Avoid for a Better Practice

    Yoga as India's soft power

    As the World Bends, India Leads: Yoga Day and the Quiet Strength of Soft Power

    Troubleshooting LED Power Supply Issues: A Step-by-Step Guide

    Troubleshooting LED Power Supply Issues: A Step-by-Step Guide

    Lenacapavir becomes first FDA-approved HIV preventive drug

    FDA Approves First Twice-Yearly HIV Prevention Shot: Lenacapavir

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    death anniversary of shyama prasad mukherjee

    From Sacrifice to Sovereignty: How Modi’s India Is Realizing Shyama Prasad Mukherjee’s Vision

    FATF’s Rare Public Censure of Pahalgam Attack Strengthens India’s Case Against Pakistan

    FATF Flags India’s 2020 Seizure of Missile-Bound Tech Headed for Pakistan

    Kejriwal’s Delhi Debacle: From Dominance to Defeat

    Arvind Kejriwal Eyes Rajya Sabha Entry After AAP’s Ludhiana By-poll Win

    SCO Summit: Ajit Doval to Corner Pakistan, Gauge China’s Stance

    SCO Summit: Ajit Doval to Corner Pakistan, Gauge China’s Stance

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    US-Iran Tensions Shake Global Markets

    US-Iran Tensions Shake Global Markets; Oil Prices Surge and Safe-Haven Assets Rise

    What Is a Demat Account? Use It With an Online SIP Calculator to Maximize Returns

    What Is a Demat Account? Use It With an Online SIP Calculator to Maximize Returns

    India Makes Global Strides in QS Rankings 2026 with Record 54 Institutions

    India’s Education Sector Makes Global Strides in QS Rankings 2026 with Record 54 Institutions

    Get Insurance: Secure your Tomorrow with Confidence

    Get Insurance: Secure your Tomorrow with Confidence

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    ICRA’s analysis highlights that defence companies are benefitting from strong execution progress

    India’s Defense Sector Set for 15–17% Growth in FY26: ICRA Report

    India’s Hypersonic Glide Missile Nears Completion, Says DRDO Chief

    India’s Hypersonic Glide Missile Nears Completion, Says DRDO Chief

    British F-35 Fighter Jet Stranded: Technical Glitch Grounds Stealth Aircraft

    British F-35 Fighter Jet Stranded in India for 4 Days: Technical Glitch Grounds Stealth Aircraft

    reliance infrastructure in strategic partnership

    Reliance Infrastructure and Dassault Aviation Expand Falcon Jet Manufacturing to India

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    FATF’s Rare Public Censure of Pahalgam Attack Strengthens India’s Case Against Pakistan

    FATF Flags India’s 2020 Seizure of Missile-Bound Tech Headed for Pakistan

    SCO Summit: Ajit Doval to Corner Pakistan, Gauge China’s Stance

    SCO Summit: Ajit Doval to Corner Pakistan, Gauge China’s Stance

    Trump Enters Iran-Israel War Without an Exit Plan: Escalation Risks Global Fallout

    Trump Enters Iran-Israel War Without an Exit Plan: Escalation Risks Global Fallout

    PM Modi's visit may propel for India-Canada FTA

    Indian and Canada Keen to Get Over the Khalistan Issue and Reinvigorate Bilateral Ties

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    death anniversary of shyama prasad mukherjee

    From Sacrifice to Sovereignty: How Modi’s India Is Realizing Shyama Prasad Mukherjee’s Vision

    Rohith Vemula Bill Sparks Outrage Over Flawed Premise and Vote-Bank Politics

    Karnataka’s Rohith Vemula Bill Sparks Outrage Over Flawed Premise and Vote-Bank Politics

    Kamakhya Devi Temple- Ambubachi Mela

    Where the Goddess Bleeds: Inside the Sacred Mysteries of Kamakhya Temple

    Yoga as India's soft power

    As the World Bends, India Leads: Yoga Day and the Quiet Strength of Soft Power

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    mistakes to avoid during yoga

    6 Common Yoga Mistakes to Avoid for a Better Practice

    Yoga as India's soft power

    As the World Bends, India Leads: Yoga Day and the Quiet Strength of Soft Power

    Troubleshooting LED Power Supply Issues: A Step-by-Step Guide

    Troubleshooting LED Power Supply Issues: A Step-by-Step Guide

    Lenacapavir becomes first FDA-approved HIV preventive drug

    FDA Approves First Twice-Yearly HIV Prevention Shot: Lenacapavir

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
  • Economy
  • Defense
  • Geopolitics
  • Knowledge
  • Law
  • Lounge

$500 million loan to Sri Lanka: China resumes its dirty tactics, this time using Coronavirus to its advantage

Yash Joshi by Yash Joshi
20 March 2020
in Opinions
china, Sri Lanka, loan
Share on FacebookShare on X

At a time when China has successfully exported the Wuhan virus to the world, it has resorted back to its nefarious debt-trap diplomacy as the country has recently granted a $500 million loan to the island country of Sri Lanka to fight the Wuhan virus. Not so long ago, Sri Lanka was forced to surrender the Hambantota port to China as it was reeling under Chinese debt-trap.

China approved a request made by the Sri Lankan government to provide a concessionary loan of US $500 million with a term of 10 years in order to battle the novel Wuhan coronavirus.

RelatedPosts

From Sacrifice to Sovereignty: How Modi’s India Is Realizing Shyama Prasad Mukherjee’s Vision

FATF Flags India’s 2020 Seizure of Missile-Bound Tech Headed for Pakistan

Arvind Kejriwal Eyes Rajya Sabha Entry After AAP’s Ludhiana By-poll Win

Load More

According to the Chinese embassy in Colombo, Sri Lanka’s Ministry of Finance signed the 500 million US dollar loan agreement with China Development Bank in Sri Lankan Prime Minister Mahinda Rajapaksa’s Office.

“This time, the Chinese national leaders, the Chinese government and related financial institutions, in their efforts to fight the new coronavirus epidemic, actively responded to Sri Lanka’s urgent financial and anti-epidemic needs, and made special arrangements as soon as possible,” said Mahinda Rajapaksa.

According to Sri Lanka’s Finance Ministry, the loan would be given to the island country comes with a maturity period of 10 years and a three-year grace period along with concessionary interest rates linked to 6 Month USD LIBOR.

Instead of offering a loan to Sri Lanka, China should have offered an aid especially considering the fact that China is the reason why the world collectively has come to a standstill to fight the Wuhan virus. Sri Lanka is not best placed when it comes to its debts, besides what happens when the grace period is over? 

It is important to note that the newly elected Sri Lankan President Gotabaya Rajapaksa has vowed to take back the strategically important Hambantota port. Gotabaya has said that he would request China to re-negotiate the 99-year lease agreement of the Hambantota port. He also said that people of Sri Lanka are not happy with the existing agreement and want a better deal. 

Rajapaksa also said, “The strategically important, economically important harbour, giving that is not acceptable. That we should have control. We have to renegotiate. Giving a terminal for an operation is a different thing, giving some location to build a hotel is different, not the control over a very important place, it is not acceptable. So that is my position.”

It is relevant to mention here that the Hambantota port project which came up during the days of the Mahinda Rajapaksa was a major reason of deterioration behind Indo-Sri Lanka relations. The port has become a living example of the Dragon’s “debt-trap” diplomacy. Financed by the Chinese despite adverse feasibility reports and refusal by India for such a project, the port turned out to be a miserable failure. 

While it became an example of Chinese “debt-trap” diplomacy, the port became a matter of grave concern for India as it ensured Chinese presence at a strategic location in the Indian Ocean region. As such it was seen as a fillip to China’s strategy of encircling India in the Indian Ocean Region. 

What added to India’s woes is the fact that unable to pay off the debt, Sri Lanka had to hand over the port and a mammoth 15,000 acres of land around it to the Chinese on a 99-year lease. This was strategically crucial for China as it gained foothold just a few hundred miles off the shores of India.

Sri Lanka needs to be extremely careful of not repeating the mistakes of the past especially at a time when the country is currently facing a mammoth challenge in the form of domestic and foreign debt of US $60 billion, under which the Sri Lankan economy is currently reeling. 

Share198TweetSend
Previous Post

“They hold judges to ransom,” From Rafale to Ram Mandir, Ranjan Gogoi drops the atom bomb on anti-establishment cabal

Next Post

‘Janata Curfew’ on March 22 could be a drill to prepare for a bigger struggle against Coronavirus outbreak

Related Posts

way ahead of G7 summit
Opinions

When The Summit Became A Stage: The G7, Trump’s Exit, And Fractured World

17 June 2025

In the crisp alpine air of Kananaskis, nestled amidst the brooding Rockies of Alberta, world leaders gathered to forge...

The Tale of how Operation Sindoor Silenced Satyapal Malik and His Echo Chamber
Opinions

Operation Sindoor Success: Satyapal Malik and ilks disappears into abyss of silence

8 May 2025

On May 6, former Jammu and Kashmir Governor Satyapal Malik appeared in a much-publicised interview with controversial journalist Karan...

Operation Sindoor
Defense

Why Operation Sindoor? Because No One Touches the Sindoor of an Indian Woman Without Consequence

7 May 2025

In a rapid and decisive response to the Pahalgam Islamist attack that claimed the lives of 26 innocent tourists...

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Currently Playing

Amarnath yatra 2025 explained: history, logistics and security

Amarnath yatra 2025 explained: history, logistics and security

00:06:47

when the God leaves the temple to be with his devotees.

00:05:31

R.P. Singh Exposes AAP: Following Indira's Model of Separatist Appeasement?

00:11:04

kamakhya Devi and the Power of Menstruation: Ambubachi Mela Explained.

00:04:47

From love to murder- how five plots took down raja raghuvanshi

00:04:38
Facebook Twitter Instagram Youtube
tfipostTfipost.com
Right Wing | News Analysis | Indian Opinion
  • About us
  • Careers
  • Brand Partnerships
  • Terms of use
  • Privacy Policy
  • Sitemap

©2025 TFI Media Private Limited

No Result
View All Result
  • Premium
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
TFIPOST हिन्दी
TFIPOST Global

©2025 TFI Media Private Limited