United Nations.
China is no less than a sweet poison for the countries of Asia and the Middle East. By trapping poor countries in the debt trap, China is destroying their economies and then making them its slaves. China has pushed countries like Pakistan, Sri Lanka, Nepal into such an abyss of poverty from which it is not easy for those countries to get out. By trapping these countries in the debt trap, China has also started attacking their sovereignty. China is gaining control over the assets of these countries through the backdoor. But despite seeing all this, the world is silent. India is enraged at this silence of the world. India has played China’s bandwagon in the United Nations on this issue without taking its name.
India indirectly attacked China, saying the international community should work on transparent and equitable financing. One must be alert to the dangers of unstable financing, which leads to a vicious cycle of debt trap. India’s Permanent Mission to the UN Envoy R Madhusudan said in an open debate in the UN Security Council on Monday on the topic ‘Maintaining international peace and security: promoting sustainable peace through common development’. ‘If shortage of resources continues then development is a distant dream. Therefore, India worked towards reform of international financial institutions at various fora, including its current presidency of the G20.
Poor countries have to be saved from the vicious cycle of debt trap.
India’s signal was clear that it would have to be cautious of the vicious cycle of debt trap in which China is trapping poor countries. This meeting of the 15-member committee of the United Nations Security Council was held under the chairmanship of China this month. Madhusudan said that as the concept paper of the meeting suggests, “We must work on transparent and equitable financing and remain alert to the dangers of unsustainable financing that leads to a vicious cycle of debt trap.” He said that a comprehensive approach to international security should include the interdependence of the three pillars of the United Nations system – peace and security, development and human rights. “Security is indeed multidimensional, but Security Council involvement in every aspect, including aspects mandated by other UN bodies, cannot be appropriate,” Madhusudan said. (Language)
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