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Showing posts from August, 2018

China's One Belt One Road strategy and debt driven infrastructure financing

Experts say its part of China’s “One Belt One Road” [1] development strategy includes Overland and Maritime Silk Road of sea-based network of shipping lanes and ports for its own interests forwarded through credit, or lending, based investments. Examples of China using “Creditor Imperialism” [2] include, among others, Sri Lanka and Venezuela. When its 26-year Civil War ended in 2009, Sri Lanka wanted to jumpstart its economy and took USD 14.87 Billion as credit between 2005 till 2017. It went ahead with ‘debt-driven infrastructure financing’ largely to facilitate construction of power plant, airport, extension of Colombo port, a Colombo Port City and new port of Hambantota. Resultantly it fell into the trap of increasing Chinese (and its companies) influence, from a seemingly no strings attached infrastructure financing. I ts debt-to-gross domestic product now stands at around 75 percent. Some 95 percent of government revenue is devoured just to service the debt. The Chines

Population Explosion in Pakistan - Challenges of Urban Centres

Population Explosion in Pakistan - Challenges of Urban Centers The Washington Post, quoting preliminary results from the 2017 national census in Pakistan, has stated that our population rose by 57 % since last census in 1998 reaching 207.7 Billion making us fifth most populous country in the world. [1]   Census data shows astronomical increase in Urban population at 36.4 % through rapid urbanization confronting us with issues of climate change, deforestation, pollution, waste management and overall issue of youth bulge. [2] Essentials of Urban Centres UNHABITAT, indicators [3] include Shelter ; Social Development and Eradication of Poverty ;   Environmental Management ; Economic Development &   Governance . Development Of Urban Indicators: A Malaysian Initiative [4] enumerates them as Land use, Population, Households, Economic, Socio-economic development, Infrastructure, Transport, Environmental management, Local government, Affordable & adequate h