Interesting Global News
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Companion communities
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- !technology@lemmy.zip - Technology, social media platforms, informational technologies and tech policy.
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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...
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