Maybe we're talking about 2 different things, but the money gained from leasing out their port to a Chinese company was used to pay off international sovereign bonds, which have very high interest rates and make up the majority of Sri Lanka's debt servicing obligations.
Absolut_Unit t1_jee0yal wrote
Reply to comment by No_Reaction_2682 in China calls US debt trap accusation 'irresponsible' by BubsyFanboy
Maybe we're talking about 2 different things, but the money gained from leasing out their port to a Chinese company was used to pay off international sovereign bonds, which have very high interest rates and make up the majority of Sri Lanka's debt servicing obligations.