Debt sustainability in countries participating in the Belt Road Initiative: Which countries face the risk of sovereign default?
The event of the Hambantota port, Sri Lanka’s major port, raised concerns about the Belt Road Initiative. The Sri Lankan government had to hand over the country’s most important port to the Chinese government due to the inability to pay back its loans owed to China. Similar cases have been noticed in other participating countries of the Belt Road Initiative. However, the Chinese government does no