Outgoing US Envoy Eric Garcetti Says IMEC Should Avoid Falling Into The Trap of Subsidised Debt

Outgoing US Ambassador Eric Garcetti has emphasized the importance of ensuring that the India-Middle East-Europe Economic Corridor (IMEC) avoids "subsidized debt traps" as it develops. His remarks highlight concerns over potential financial pitfalls that could arise from state-controlled companies participating in the corridor, which aims to enhance connectivity and economic integration between
Outgoing US Ambassador Eric Garcetti has emphasized the importance of ensuring that the India-Middle East-Europe Economic Corridor (IMEC) avoids "subsidized debt traps" as it develops. His remarks highlight concerns over potential financial pitfalls that could arise from state-controlled companies participating in the corridor, which aims to enhance connectivity and economic integration between
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