Today, there was an interesting thing coming through my feed that captured my eye. It was a headline from the Philippines News Agency. It was claiming that the Chinese was not making developing countries in debt slaves or putting them into debt traps by taking up huge loans for extensive spending on infrastructure projects. Now in March 2019, the Chinese are claiming that they are just giving viable loans and not to much.
However, I will beg to differ, but before I do so. Let see what the Chines spokesperson said. Which I have to say is not true.
“Guo Weimin, spokesperson of the second session of the 13th National Committee of the Chinese People’s Political Consultative Conference (CPPCC), said extending Chinese loans to developing countries aims to facilitate infrastructure projects that are expected to bring development and boost the economic growth of these nations. “Chinese investments only account for a very small share to their total debt. And our projects are mostly infrastructure, which can support the long-term development of those countries,” Guo said. “Yet some say, this is a great debt trap. But this doesn’t make sense,” he added” (Kris Chrismundo – ‘No debt trap for developing countries: CN political advisory body’ 02.03.2019, link: http://www.pna.gov.ph/articles/1063438).
Let’s me just take the first victim of the debt trap made by the Chinese is in Sri Lanka where the Chinese has taken over and lease the Hambantota Port for 99 years in 2018. While in Zambia, the Chinese has taken over ZESCO, the state electricity company, majority ownership of the Zambian National Broadcasting Company, and if the Republic fails more on their debt. The Zambian state might loose the ownership of Kenneth Kaunda International Airport as well.
In Kenya, the government have loaned massive funds for the Standard Gauge Railway Part 1 and 2. Now, they are on the limb and its speculated that the Port of Mombasa can be taken as collateral for the possible failing loans.
There are warning signs of the total loans given to Tonga, Fiji, Samoa, Papua New Guinea, Maldives, Ghana, Liberia Philippines and so on. They are clearly strategic about it. There should also be worrying about the loans given to the Democratic Republic of Congo, Uganda, Tanzania and so on. The Chinese has loaned for massive projects and not small-pocketed money. Which the Chinese would like to have back paid.
This is just small examples of what that is coming. Because the states are taking up gigantic loans, which they can possibly default with. That is why the Chinese has been smart enough to sign for collateral, which usually is important parts of infrastructure or mobility. So, that the Chinese can trade and also control vital parts of the economy. They are not joking around and seemingly taken a soft approach to neo-colonize the developing countries. Because they can and have the ability to do so.
We can wonder if there will be more like this. There are also the battle happening in Djibouti over the Doraleh Port, who went from DP World Port Company to a Chinese Company. That was because of the debt that the Republic of Djibouti had. Just like the port in Sri Lanka went to them as well. Both very strategic and important ports in their regions. Therefore, the Chinese has gotten good infrastructure and possible revenue streams in these Republic for their defaulting loans.
There will be more to come out of this. That is why I don’t believe the Chinese, saying the developing countries can manage the amount of loans, as the Chinese are planning to takeover something to get repaid for their services. Peace.
“My people are going to learn the principles of democracy the dictates of truth and the teachings of science. Superstition must go. Let them worship as they will, every man can follow his own conscience provided it does not interfere with sane reason or bid him act against the liberty of his fellow men.” – Mustafa Kemal Atatürk
The incumbent President Abdulla Yameen have really shown his true colour as he took power in the Maldives. He used the military to evict and control the courts and also the Supreme Court. He used all methods to get people to under siege and under his wings. If didn’t follow that, you better seek refugee or even go into exile. Like so many opposition figures and families did in Colombo, Sri Lanka. Now, after yesterdays poll and today’s announced results, the drive and oppressive behaviour might stop.
“Maldivian Democratic Party candidate MP Hon Ibrahim Mohamed Solih, wins the Maldives Presidential Elections, with 134,616 votes. Of 262,135 eligible voters, 233,877 voters cast their votes at the 472 ballot boxes. This is a voter turnout of 89.22 percent” (Maldives MFA, 24.09.2018).
This is positive, hopefully the ones who has fled to safety and out of danger. Can return and start over, instead of living and awaiting, as the new presidency arrives and hopefully secure the future. People are today celebrating that the Coup of 7th February 2012 has been answered, as the leadership of that time, was sent into exile, this being Mohamed Nasheed (Maldivian Democratic Party)and Mohamed Waheed Hassan Manik (Gaumee Ithihaad Party). This is redemption, as they hope that the Joint Presidential Candidate Solih, can establish normalcy after the years of harsh control from Yameen and his party Progressive Party of Maldives (PPM).
Therefore, today is for some the end of the coup d’état and a fresh beginning after 2421 days of waiting for a democratic elected leadership not evolving around the big-man and paranoia of Yameen.
Today, I live in hope for the Maldives, after plenty of dark days, oppression from the state and state aggression against their leaders and their principals. Today, we can hope for a better tomorrow. As the people have someone who represent them and hopefully will restore normalcy. Will ensure the National Assembly, the Supreme Court and the true justice. Not just to his peers and his allies, but to all Maldivians.
Some says it is a power shift from Beijing to New Delhi, whatever it is, it is hope, because the public has shown the courage and the will to overthrow someone who ruled without concern of anyone else than himself. That has to be remembered, that have to be the key thing out of this today.
There are reports of MPs and other political prisoners release at the Criminal Courts in Male, today, however, that is yet to be verified right now. But there is a bunch of innocent people behind bars, because of need of being there, as the previous President needed them there. To keep a grip of power and try to centralize it more. Peace.
On 16 July, the Foreign Affairs Council adopted a framework for targeted restrictive measures against persons and entities responsible for undermining the rule of law or obstructing an inclusive political solution in the Maldives as well as persons and entities responsible for serious human rights violations. This decision makes it possible, if the situation does not improve, to impose a travel ban and an asset freeze on relevant individuals and entities.
This decision is a direct follow up to the Foreign Affairs Council conclusions of 26 February 2018 on the Maldives. The Council considered that the situation was not in accordance with the principles of democratic rule and separation of powers, and indicated it may consider targeted measures if the situation did not improve.
In its conclusions, the Council called on the government of the Maldives to engage with the leaders of the opposition in a genuine dialogue that paves the way for credible, transparent and inclusive Presidential elections.