Published: August 06, 2019
The request to reschedule A$11.8bn of loans is a blow to Australia’s hopes of countering Beijing’s sway in the Pacific
Papua New Guinea has asked China to refinance its entire government debt in a blow to Australia’s attempts to counter China’s influence in the region.
The request marks a “significant shift” in regional politics and PNG’s allegiances, according to Pacific experts. Australia has traditionally been the largest aid donor and most important ally of PNG, but in recent years ties between China and PNG have strengthened.
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