71. Is the Devil in the Details? A Rare Look into a BRI Contract in Kyrgyzstan
- Author:
- Michael Schroeder
- Publication Date:
- 05-2023
- Content Type:
- Journal Article
- Journal:
- Journal of Public and International Affairs (JPIA)
- Institution:
- School of Public and International Affairs (SPIA), Princeton University
- Abstract:
- This analysis delves into the concerns surrounding debt-trap diplomacy in Kyrgyzstan by examining a leaked loan contract of China’s Belt and Road Initiative (BRI) for the construction of the Alternative North-South Road. This unique occasion—as contracts are usually shrouded in confidentiality—sheds light on the dynamics of BRI lending in the region and on a global level. The analysis considers the political and economic implications of China's investments in Kyrgyzstan, aiming at investigating whether the investment is geared toward exerting political influence, as has been suggested by the active political debate around the narrative of debt-trap diplomacy. While acknowledging the limited data available, this analysis neither finds application for debt-trap diplomacy nor an active attempt by Chinese entities to utilize contractual provision, even though on paper the contract could allow for the latter. Despite the lack of hard evidence, the paper contributes to the academic debate by shifting attention from broader geopolitical considerations and the debt-trap narrative, to increased scrutiny of contractual provisions in large-scale infrastructure projects, in which BRI lending indeed appears to differentiate itself.
- Topic:
- Debt, Diplomacy, Infrastructure, Belt and Road Initiative (BRI), and Investment
- Political Geography:
- Central Asia and Kyrgyzstan