Interesting Global News
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Something that happened or was uncovered recently anywhere in the world. It doesn't have to have global implications. Just has to be informative in some way.
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[Opinion] prefix
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China's belt-and-road loans are significantly worse than those development loans handed out by the IMF/World Bank. Shorter payback terms and higher interest rates. Seems predatory and mostly meant to make developing countries specifically indebted to China...
Yet many countries are tripping and falling over trying to queue up for China's loan. Why? Is the IMF/World bank not necessarily a good option? What goes on behind closed doors in these orgs?
The IMF forces austerity and privitization.
So its just an org that goes to bat for rich bastards. Ugh.. I hate that
Because borrowing from the IMF is completely without any strings attached?
I guess you are meaning to point out the same question i had, namely what did the IMF do to these nations that they are willingly subjecting themselves to China. It seems like more of the nastiness is hidden behind a veil of spreading democracy/prosperity