Bangladesh’s Finance Minister, A. H. M. Mustafa Kamal, said Sri Lanka crisis highlighted that China had not been rigorous enough in deciding which projects to support.
He warned that developing countries must think twice about taking more loans through China’s Belt and Road Initiative (BRI) as global inflation and slowing growth add to the strains on indebted emerging markets.
In an interview with the Financial Times, Kamal said China needs to “Make a thorough study” before lending to a project.
“After Sri Lanka we felt that Chinese Authorities are not taking care of this particular aspect, which is very very important,” he noted.
