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...

  • GarbageShoot [he/him]
    ·
    1 year ago

    Yeah, for some African nations and at least a few countries in Asia like Vietnam. I want to say also Cambodia and Laos, but I'm not sure.

      • GarbageShoot [he/him]
        ·
        1 year ago

        I could have sworn I saw it somewhere, but it's a nuisance to look this sort of thing up when the results are so saturated with "debt trap" articles.