The BRI doesn't come with policy demands to my knowledge. It's just loans for specific infrastructure projects at better rates than what the IMF/World Bank offers. The long term goal of the project benefits China because it allows them to sell goods to countries that aren't the US and its allies, but it's more of a mutualistic relationship than the typical parasitic capitalist imperialist one.
defaulting a loan and having that specific project repossessed is not at all equivalent to IMF demands of privatizing state assets and cutting social services lmao
I'm pretty sure you were born close to yesterday than even a year ago (Nov. 24th, 2023), considering these claims have been scrutinized to be more of a myth than reality already...
According to official statistics from Sri Lanka’s Department of External Resources, as of the end of April 2021, the plurality of its foreign debt is owned by Western vulture funds and banks, which have nearly half, at 47%.
The top holders of the Sri Lankan government’s debt, in the form of international sovereign bonds (ISBs), are the following firms:
The BRI doesn't come with policy demands to my knowledge. It's just loans for specific infrastructure projects at better rates than what the IMF/World Bank offers. The long term goal of the project benefits China because it allows them to sell goods to countries that aren't the US and its allies, but it's more of a mutualistic relationship than the typical parasitic capitalist imperialist one.
Tell that to Sri Lanka
defaulting a loan and having that specific project repossessed is not at all equivalent to IMF demands of privatizing state assets and cutting social services lmao
I'm pretty sure you were born close to yesterday than even a year ago (Nov. 24th, 2023), considering these claims have been scrutinized to be more of a myth than reality already...
https://geopoliticaleconomy.com/2022/07/11/debt-trap-sri-lanka-west-china/
The top holders of the Sri Lankan government’s debt, in the form of international sovereign bonds (ISBs), are the following firms:
If you're not convinced, even this China-critical youtube channel "Polymatter" admits "The danger of criticizing China for the wrong reasons is that it reduces credibility when you need it the most."
There may be things I have missed...
Okay what about the debts China cleaned off from multiple nation’s multiple times?