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The island nation is Exhibit A for Belt and Road debt, having signed over control of a port shopsmokingonline.com]Online Cigarettes Store USA[/url] to China on a 99-year lease when it couldn’t make interest payments. But the government recently took out more than $500 million in emergency loans from Beijing to fill a budget shortfall.

“After this coronavirus, Chinese involvement in Sri Lanka will be even more,” said Rohan Karunaratne, shopsmokingonline.com]Newport Pleasure[/url] president of a Sri Lankan construction industry group.

“During the COVID period, both countries worked together very well. We will need investment, and China has always helped us in the past.”In Africa, too, analysts say the recession could drive countries closer to Beijing. W. Gyude Moore, a senior policy fellow at the Center for Global Development, said African governments explicitly haven’t asked China to cancel their debts because they hope to leave that funding channel open.

“Access to finance is going to be really, really hard,” Moore said. “And one of the few places where Africans shopsmokingonline.com]Newport Cigarettes Shop[/url] might be able to turn for financing for infrastructure and other things will be China.”





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