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The title is false; nowhere in the article says that Kenya is unable to pay loan payments. It merely states that there's a contract clause that says China might
by mtw 8y ago
The title is false; nowhere in the article says that Kenya is unable to pay loan payments. It merely states that there's a contract clause that says China might take over Mombasa port if payments are not due.
Kenya is not Sri Lanka, it's a wealthier country. They will find a way to pay back the payment. What can be discussed is if it was the right decision to build a high speed train. A much better decision would be to stick upgrading the road network.
- statictype 8y ago>Kenya is not Sri Lanka, it's a wealthier country. Is it? Measured by GDP, they are lower than Sri Lanka. What metric are you using?
- thedudeabides5 8y agoWorld Bank puts Sri Lankan GDP ~$87bn USD to Kenya ~$75bn, per capita the gap is wider, Sri Lanka ~$4,000 to Kenya's $1,500
- dang 8y ago(The title and link above have since been changed, as explained at https://news.ycombinator.com/item?id=18763692. https://news.ycombinator.com/item?id=18763692.)