Debt Trap Diplomacy

"Debt Trap Diplomacy (DTD) refers to a scenario in International Relations where countries with a powerful economic position and enormous finances provide loans to relatively less endowed developing countries for inefficient or vanity projects. Subsequently, this traps the less endowed country in huge debts and holds leverage over them if they are unable to repay that debt".

Source: https://www.e-ir.info/2024/08/19/unmasking-the-narrative-is-chinas-debt-trap-diplomacy-fact-or-fiction/

By: Devyansh Dullar, for E-International Relations