A dozen poor countries are facing economic instability and even collapse under the weight of hundreds of billions of dollars in foreign loans, much of them from the world’s biggest and most unforgiving government lender, China.
Yeah, that's what I meant. 2003 China giving out an interest free loan is a bigger deal than 2023 China since extreme poverty had not been eliminated yet and the average Chinese person was still much poorer than they are now.
I believe they mean that the loans were issued two decades ago and were forgiven recently.
Yeah, that's what I meant. 2003 China giving out an interest free loan is a bigger deal than 2023 China since extreme poverty had not been eliminated yet and the average Chinese person was still much poorer than they are now.
Oh absolutely, agreed.