DHAKA : Global media and numerous “experts” routinely assert that Sri Lanka was forced to cede a strategically important port to China after being lured into a debt trap by easy Chinese loans.
This story has now become part of the wider narrative of how China is using the Belt and Road Initiative (BRI) to achieve its diplomatic and strategic aims through debt diplomacy. But it is a story based more on fiction than fact.
Sri Lanka did (and still does) face a debt crisis.
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