Taipei’s debt hardball carries a clear warning for its remaining allies

In contemporary discourse, the bogeyman of “debt traps” is almost exclusively tied to Beijing. Western media, think tanks, NGOs and policymakers from Washington to Brussels frequently warn developing nations of the perils of bilateral loans from China. Yet, Grenada’s debt dispute from a decade ago and St Vincent and the Grenadines’ (SVG) current troubles offer a starkly different, and often ignored, counter-narrative: the weaponisation of debt by Taiwan. For years, Grenada has grappled with...