Jonathan E. Hillman, 26 August 2021, whose title runs thus: “The Secret History of Hambantota” …. while the presentation here is marked by the imposition of highlights, let me prefigure the prospect of critical commentary from knowledgeable specialists sought out by Thuppahi.
If Chinese loans were cigarettes, Sri Lanka’s Hambantota Port would be the cancerous lung on the warning label. Some observers have pointed to the underperforming port and alleged that China is using “debt trap diplomacy,” loading countries up with loans and seizing strategic assets after they cannot repay. Others have argued that Sri Lanka, not China, is responsible for its debt woes. The debate is important for understanding the risks lurking in China’s Belt and Road Initiative, especially as the pandemic pushes more of China’s borrowers to the brink.
