Robredo said there should be a better way to finance the project other than through loans from China. “Our fear is we might get stuck in a debt trap like the one experienced by Sri Lanka,” she said. According to BBC.com, Sri Lanka had relied so heavily on loans, mostly from China, that 95 percent of all government revenues now go to debt repayment alone. “Our fear is we might get stuck in a debt trap like the one experienced by Sri Lanka,” she said. According to BBC.com, Sri Lanka had relied so heavily on loans, mostly from China, that 95 percent of all government revenues now go to debt repayment alone.

Source: Sunday Times October 22, 2017 04:52 UTC