From 2008 to 2021, China spent around $240 billion bailing out 22 developing countries who have struggled to repay loans taken for the Belt and Road infrastructure projects, a study has revealed.
The report, published on Tuesday, was prepared by researchers from the World Bank, Harvard Kennedy School, AidData and the Kiel Institute for the World Economy.
The study notes that around 80 per cent of the bailout money was spent between 2016 to 2021, mainly in middle-income countries like Pakistan, Argentina, and Mongolia.
Chinese President Xi Jinping and Pakistani Prime Minister Shehbaz Sharif met in Beijing on Wednesday, where the talks centred around Islamabad’s economic crisis and the need to boost projects under the China–Pakistan Economic Corridor, according to the state media.
This is Sharif’s first official visit to China after taking charge earlier this year, and so is the case of Xi after recently concluding its twice-a-decade party congress where he was elected unopposed for third-term.
Corruption and sex crimes are the two main evils confronting the Muslim world, Pakistan Prime Minister Imran Khan said, calling on the need to “save the Muslim youth from being inundated with obscenity and pornographic material available on the internet”.
The prime minister made these comments during an interactive dialogue on ‘Riyasat-i-Madina: Islam, Society and Ethical Revival’ with top Muslim scholars from the world on Sunday, which was organised by the recently set up National Rehmatul-lil-Aalameen Authority (NRAA).
Corruption and sex crimes are the two main evils confronting the Muslim world, Pakistan Prime Minister Imran Khan said, calling on the need to “save the Muslim youth from being inundated with obscenity and pornographic material available on the internet”.
The prime minister made these comments during an interactive dialogue on ‘Riyasat-i-Madina: Islam, Society and Ethical Revival’ with top Muslim scholars from the world on Sunday, which was organised by the recently set up National Rehmatul-lil-Aalameen Authority (NRAA).