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.
Probably because their loans don't have onerous terms in social spending, which means that countries want to pay them back first so they can take out again from them.
Sucks to have competition doesn't it IMF? Boohoo my monopoly.
Probably because their loans don't have onerous terms in social spending, which means that countries want to pay them back first so they can take out again from them.
Sucks to have competition doesn't it IMF? Boohoo my monopoly.
My great grandfather once had the monopoly on all the loans in China :deeper-sadness: