Southern Boy@lemmy.ml to World News@lemmy.ml · 8 days agoColombia, historically the most obedient US client regime in Latin America, is joining the Belt and Road Initiative!lemmy.mlimagemessage-square38fedilinkarrow-up11arrow-down10file-text
arrow-up11arrow-down1imageColombia, historically the most obedient US client regime in Latin America, is joining the Belt and Road Initiative!lemmy.mlSouthern Boy@lemmy.ml to World News@lemmy.ml · 8 days agomessage-square38fedilinkfile-text
cross-posted from: https://lemmy.ml/post/21080081 https://xcancel.com/BenjaminNorton/status/1842789775968759982#m
minus-squaretrolololol@lemmy.worldlinkfedilinkarrow-up0·6 days agoWhen imf says aid it’s not what you mean. It means loan with strings attached.
minus-squareolympicyes@lemmy.worldlinkfedilinkEnglisharrow-up0·6 days agoStrings meaning the repayment terms. The issue was more about which lender is going to write down bad loans, China or the west.
minus-squaretrolololol@lemmy.worldlinkfedilinkarrow-up0·6 days agoOh no way, they will tell you to nationalize assets, impose fiscal austerity and all the other things that you can hear from a corporations board room in search of records profit in the next quarter even if it means nosediving economics in 4 months. So yep, aid is worse than loans.
When imf says aid it’s not what you mean. It means loan with strings attached.
Strings meaning the repayment terms. The issue was more about which lender is going to write down bad loans, China or the west.
Oh no way, they will tell you to nationalize assets, impose fiscal austerity and all the other things that you can hear from a corporations board room in search of records profit in the next quarter even if it means nosediving economics in 4 months.
So yep, aid is worse than loans.