How Sri Lanka Is Caught In A Western Debt Trap
China is only 10% of Sri Lanka debt. Where do you think the rest is from?
Western media loves to spread the story that Sri Lanka is caught in a Chinese debt trap, because roughly 10% of our debt is to China. Why don’t we talk about the rest of it? “Sri Lanka owes 81% of its external debt to US and European financial institutions and Western allies Japan and India.”
As Multipolarista documents:
The top holders of the Sri Lankan government’s debt, in the form of international sovereign bonds (ISBs), are the following firms:- BlackRock (US)
- Ashmore Group (Britain)
- Allianz (Germany)
- UBS (Switzerland)
- HSBC (Britain)
- JPMorgan Chase (US)
- Prudential (US)
It’s the imperial banks, recipients of free imperial coin, heading out to the colonies like the VoC before. Then the IMF comes in to sell off organs and gets us back into ‘debt-sustainability’, propping us up to bleed us some more. And they blame China lol. Keep your eye on the ball.
Sri Lanka’s story is plugged into every pre-conceived narrative—Tucker Carlson saying…
