How are those Chinese infrastructure loans going in Africa and South America?

They're leading to a bit more prosperity (albeit awfully uneven) and relative peace. Trade is a lot better than war.

They’re pretty good as far as I know, my country didn’t receive any of those but I’ve visited countries in Africa that have received them and they’re getting really great infrastructure and knowledge sharing from them!

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esseph a day ago | parent [-]

China picked up a 99 year lease on Hambantota Port for one Chinese firm in Sri Lanka after they defaulted to the tune of 51Bn.

Zambia defaulted during the pandemic.

Ethiopia defaulted in 2023.

Ghana suspended payments on most external debt to try and make the Chinese debt payments in 2022/2023.

Pakistan just keeps rolling those loans into other loans so it won't default.

Loas got so bad China now owns their power grid.

Suriname defaulted in 2020.

Kenya stopped paying govt workers for awhile to make their loan payments.

"Recent reports from the Lowy Institute and the World Bank indicate that 75 of the world's poorest countries face a record high of approximately $35 billion in debt repayments to China in 2025 alone."

2026 will see more countries default to be pressed into extreme measures to make the payments.

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amrocha a day ago | parent [-]

Ok, and? What does that have to do with the USA invading deposing couping 90% of countries in south america, starting wars in the middle east, and saddling all of africa with debt via the IMF and WB?

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esseph a day ago | parent [-]

I guess it comes down to who you your government wants to be in debt to, and if you're willing to potentially starve to death so your government can pay off the loan.

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amrocha a day ago | parent [-]

You’re the one drawing an equivalency between USA and China where there is none

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esseph 21 hours ago | parent [-]

Everybody works for someone.

	▲	amrocha 21 hours ago \| parent [-]
		I reject that framing