3 ms·
> In 2005 the China Development Bank lent the Nigerian government $200 million to buy Huawei equipment for a national wireless network, offering an absurdly low
by moonchild 6y ago
> In 2005 the China Development Bank lent the Nigerian government $200 million to buy Huawei equipment for a national wireless network, offering an absurdly low interest rate, as little as 1%
Why collect an interest rate at all, if it's less than the inflation rate? It's basically free money at that point.