US Assistant Secretary of State for South and Central Asian Affairs Alice Wells recently spoke about the Chinese activities in the region in Washington.
She has said that the MCC agreement in Sri Lanka will be implemented soon.
“India has been crystal clear on the outside, that they saw the geopolitical nature of elements of the one belt one road. We share India’s concerns over projects that don’t have an economic basis that leads to countries ceding sovereignty.
Sri Lanka is not the only country that effectively ceded sovereignty over a key asset. I mean we’ve had reports over Tajikistan over land swaps, in order to get out of the excessive debt. And this is a real issue.
And this is what I have to say, however much you don’t like the World Bank or the IMF, they don’t take 99-year leases. Or strip away the sovereignty of countries that they engage in.”