31
IMF warns of Maldives foreign debt crisis, after China borrowing
(www.france24.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 11 Feb 2024
31 points (100.0% liked)
Interesting Global News
2564 readers
353 users here now
What is global news?
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.
Post guidelines
Title format
Post title should mirror the news source title.
URL format
Post URL should be the original link to the article (even if paywalled) and archived copies left in the body. It allows avoiding duplicate posts when cross-posting.
[Opinion] prefix
Opinion (op-ed) articles must use [Opinion] prefix before the title.
Rules
1. English only
Title and associated content has to be in English.
2. No social media posts
Avoid all social media posts. Try searching for a source that has a written article or transcription on the subject.
3. Respectful communication
All communication has to be respectful of differing opinions, viewpoints, and experiences.
4. Inclusivity
Everyone is welcome here regardless of age, body size, visible or invisible disability, ethnicity, sex characteristics, gender identity and expression, education, socio-economic status, nationality, personal appearance, race, caste, color, religion, or sexual identity and orientation.
5. Ad hominem attacks
Any kind of personal attacks are expressly forbidden. If you can't argue your position without attacking a person's character, you already lost the argument.
6. Off-topic tangents
Stay on topic. Keep it relevant.
7. Instance rules may apply
If something is not covered by community rules, but are against lemmy.zip instance rules, they will be enforced.
Companion communities
- !legalnews@lemmy.zip - International and local legal news.
- !technology@lemmy.zip - Technology, social media platforms, informational technologies and tech policy.
- !interestingshare@lemmy.zip - Interesting articles, projects, and research that doesn't fit the definition of news.
- !europe@feddit.org - News and information from Europe.
Icon attribution | Banner attribution
founded 1 year ago
MODERATORS
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
Politicians are cheap to bribe.
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