China tries to ease debt trap worries about its 'Belt and Road' program
Despite fears about being weighed down with too much debt, developing nations embraced the infusion of Chinese cash.
ASEAN
The Association of Southeast Asian Nations is a regional intergovernmental organization that promotes cooperation on economic, security, and political issues. Established in 1967, it has 10 members and is a central forum for regional dialogue. Timor-Leste is expected to become its 11th member in October 2025.
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