Bloobish [comrade/them] to

the_dunk_tank • 2 years ago

China's loans pushing world’s poorest countries to brink of collapse

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China's loans pushing world’s poorest countries to brink of collapse

Bloobish [comrade/them] to

the_dunk_tank • 2 years ago

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.

Uh oh, the IMF feels scared again about BRICS...

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GnastyGnuts [he/him]
·
2 years ago

world’s biggest and most unforgiving government lender, China.

They've literally forgiven tons of loans. https://www.news.com.au/finance/economy/china-forgives-debt-for-17-african-nations/news-story/28ab7f45440142634ff8efd0360b2fec

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