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Sri Lanka's Debt Default Process Reportedly Begins

  • #Sri Lanka
  • #Economic conditions & trends
  • #Headlines
story
MAR 2022
Image copyright: AP Images [via Independent]
story last updated DEC 2022

The Spin

Anti-China narrative

Sri Lanka's crisis is a product of Chinese foreign policy, specifically its practice of "debt-trap diplomacy." China offers to build sparkling new infrastructure based on unsustainable amounts of debt, then host countries default and China gets a new link in its "Belt and Road Initiative."

The Hill

Pro-China narrative

India is responsible for the "debt trap" allegations. It is an effort to interfere with China's friendly and productive economic ties with its neighbors. India should commit to joining in with regional economic cooperation efforts instead of hampering them.

Global Times

Narrative C

The Rajapaksa's reign in Sri Lanka has been marked by nepotism and persistent allegations of corruption on top of atrocities committed against civilians during the civil war. The clan has invited outsized and opaque Chinese investments so that they themselves could personally profit at the expense of the nation. Sri Lankans are justifiably angry and have the right to protest peacefully.

France 24

Establishment split

CRITICAL

PRO

Embattled Sri Lankan PM offers protesters talks as crisis worsens
Al JazeeraJUL 2022
Sri Lankan protesters mark new year near president's office
NPR Online NewsJUL 2022
Sri Lankan president declares state of emergency ahead of new protests
PBS NewsHourJUL 2022
In cash-strapped Sri Lanka, two men die waiting in queue for fuel
Al JazeeraJUL 2022
Sri Lankans mark new year at protest camp near president’s office
Al JazeeraJUL 2022
School Exams Postponed for Millions Amid Paper Shortage, Economic Crisis
NewsweekJUL 2022
Anger Rises in Sri Lanka as Economic Crisis Worsens
Wall Street JournalJUL 2022
Sri Lanka Seeks IMF Bailout Amid Worst Financial Crisis Since Independence
Democracy NowJUL 2022

More neutral establishment stance articles

Sri Lanka’s ‘debt default process has begun’ as protesters reject president’s offer of talks
IndependentJUL 2022
Sri Lanka cancels school exams for millions after running out of printing paper
IndependentJUL 2022
Sri Lanka: Mob Storms President’s House as Country Runs Out of Food, Gasoline
BreitbartJUL 2022