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IMF worried over Pacific islands’ debt to China
Published Date: 16/01/2018 (Tuesday)
The International Monetary Fund is concerned Chinese aid to developing countries is laying the ground for a future debt crisis, ¬saying some recipients of Chinese loans linked to aid projects face unsustainable debt burdens. IMF deputy managing director David Lipton said yesterday that China was taking on an important role in the developing world by providing the funding to develop infrastructure through President Xi Jinping’s signature Belt and Road Initiative.
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Does opportunity knock for China in Pakistan?
Published Date: 16/01/2018 (Tuesday)
Both the US State Department and the Pakistan government were caught unawares when President Donald Trump tweeted on 1 January that Pakistan had provided only \\\"lies and deceit\\\" whilst giving safe haven to terrorists. Within three days, a scrambling State Department announced the USA was suspending military aid to Islamabad. The said security assistance is estimated to be worth some USD1.9 billion annually. IHS Jane\\\'s quoted a StateDepartment official as saying, \\\"The United States will not deliver grant-funded military equipment or transfer security-related funds to Pakistan unless required by law. Exceptions may be made on a case-by-case basis if they are determined to be vital to national security interests.\\\"
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LNG terminal in Colombo Port: Has Japan joined regional game of Chinese chequers?
Published Date: 16/01/2018 (Tuesday)
The visit to Sri Lanka by Japan’s Foreign Minister Taro Kono (Jan 4 – 6) saw governmental confirmation of Sri Lanka’s first Liquefied Natural Gas (LNG) project. A statement from Prime Minister Ranil Wickremesinghe’s office revealed that an MoU with Japan to build a Floating Storage Re-gasification Unit (FSRU) will be signed this week. The project to build the FSRU and LNG terminal will be a joint venture by Sri Lanka Ports Authority with both Japan and India, it is learnt. The Japanese partner will be a consortium comprising Mitsubishi and Fujitsu, while Petronet will be the Indian partner, according to sources at the Ministry of Development Strategies and Investment Promotion, which will sign the MoU on behalf of Sri
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