Could Pakistan Follow Sri Lanka Into China's Debt Trap Next? Ex-Envoy To China Answers

Sri Lanka Speaker Mahinda Yapa Abeywardena has confirmed that President Gotabaya Rajapaksa fled from the country as economic crisis deepened.

Protesters swarmed into the residence of Gotabaya and visuals of them working out at the gym, swimming in the president's pool, dining in the kitchen and relaxing in the bedrooms went viral. Protesters claimed that they had found millions of rupees in the president's house, which they returned over to the security units.

The protesters had called for the president's resignation over his handling of the country's dire economic crisis. Sri Lanka President Gotabaya Rajapaksa had informed Speaker Mahinda Yapa Abeywardena that he would be resigning from his post on July 13. On Monday, the embattled president officially conveyed to Prime Minister Ranil Wickremesinghe that he would resign on July 13 as previously announced.

#gotabayarajapaksa #srilankanews #president

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[MyKarur]

Absolutely! Same debt trap, same mismanagement, same corruption and same focus on geopolitics instead of geoeconomics

[jaishrimahatma]

The way Indian Rupee falling, it could be India first.

[appavi]

Even after 15th rounds of India and China corps commander level talks, why Chinese troops can't disengagement from the remaining friction points from Ladakh Union territory ??..😭

[venkatappajayarama]

Is it Indian Monetary Fund or International Monetary Fund ??? Pakistan furious???

[jambunathan]

Pakistan will somehow borrow from other sources unlike Sri Lanka. Pakistan though got looted by politicians on one hand too much expenditures for Army, ISI and terrorists along with money laundering will definitely face high risk of Economic collapse.

[amatoinsights]

Bribe the leaders to accept damaging projects at exorbitant price.

[stevenlow]

Sri Lanka Torah debt/loan is abt 50b. Do you know who is is the biggest lender?