Sunday, July 22, 2018 05:03:19 AM

Chinese Whispers: On Corruption and the Hambantota Port

By Raisa Wickrematunge - Sun Jul 08, 2:43 am

Featured image by Raisa Wickrematunge

On July 2, 2018, Hiru TV aired footage from two press conferences hosted by the Sri Lanka Podujana Peramuna (SLPP) during its 6:55 pm broadcast.

During the press conference, the members of the Joint Opposition reacted to a story run by the New York Times, which focused on the deal around the Hambantota Port to illustrate the argument that China’s Belt and Road initiative was exploitative and left countries like Sri Lanka struggling with debt. (The Belt and Road initiative involves China underwriting infrastructure investment such as roads, ports and airports for countries lining the old Silk Road route.) It is an argument that has been gaining some traction, particularly after reports noting that Zambia, the Republic of Congo have had to turn to the IMF for assistance after taking on Chinese loans. T

The former Governor of the Central Bank, Nivard Cabraal was the first to respond to the story, releasing the full audio clip of the interview in which many of the question asked by the New York Times remained unanswered. The former President also released an official response.

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