How china lured

Pakistan into a debt

trap
What Is a Debt trap

A Debt trap is when a rich country lends money to a poor country to exploit them
politically and economically when they are unable to pay it
Money China has lend Pakistan

 Pakistan will have to payback $100 billion to China by 2024.

 Pakistan has to payback china 6.3 billion dollars by 2021

 This means Pakistan would have to pay China roughly in between $7-8 billion
 for the next 43 years from 2018 onward
 Pakistan needs to payback china more then the IMF

 Projects like the ML-1 railway have not been that beneficial to the economy
Other countries affected by the Debt trap

 Sri lanka had to lease there port to china for 99 years when they were unable to
pay them back

 African countries now owe 30 billion to china

 Other countries like Malaysia, Venezuela, Maldives are all in huge amounts of
debt to china
Thank You