| ▲ | amrocha a day ago | |||||||||||||||||||||||||||||||||||||||||||
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! | ||||||||||||||||||||||||||||||||||||||||||||
| ▲ | 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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