Montenegro narrowly avoids Chinese debt trap, for now

At the last minute, Montenegro last month successfully paid the first instalment of a one billion US dollars loan owed to Exim Bank of China, a loan that threatened to crush the country‚Äôs economy as its national debt ballooned to 103 per cent of GDP. Montenegro last month bought itself some breathing space, making the … Continue reading Montenegro narrowly avoids Chinese debt trap, for now