PRC-backed OBOR projects could also place Djibouti, Kyrgyzstan, Laos, Maldives, Mongolia, Montenegro, Pakistan and Tajikistan at risk of falling into debt traps as Sri Lanka did, the Center for Global Development advised in a March 2018 study. For example, Pakistan, the largest of these nations, has planned OBOR projects that could incur an additional U.S. $62 billion in debt, with China financing about 80 percent of it. Meanwhile, the PRC has financed a U.S. $6.7 billion rail project in Laos, putting the nation in debt for close to half of its GDP, the study said.
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