Instead of lending money for highways and bridges, China has shifted to providing emergency rescues for previous borrowers.
Tag: Sri Lanka
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Why 2023 Is the Year of the Long Walk
The 500-mile Camino de Santiago has inspired a host of new treks in places from Canada to Bhutan that let travelers take the slow route. Here, a guide to the new trails.
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Pressure Mounts on China to Offer Debt Relief to Poor Countries Facing Default
There was optimism at the spring meetings of the I.M.F. and World Bank that China will make concessions over restructuring its loans.
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Sri Lanka Is Calm Again. That Doesn’t Mean Things Are Any Better.
After an economic collapse and political upheaval, Sri Lankans have become resigned to leaner meals and reduced horizons.
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Can There Be a Rights Reckoning for Nations That Don’t Want to Do It?
In nations reckoning with atrocities, reconciliation panels and similar bodies often obscure or delay the truth. But that doesn’t mean that international justice has no effect.