3 ms·
roads and bridges to ports are exactly what imf and world bank loan do too, for obvious reasons frankly this whole comment reads as historically less informed
by whimsicalism 2y ago
roads and bridges to ports are exactly what imf and world bank loan do too, for obvious reasons
frankly this whole comment reads as historically less informed
- bilbo0s 2y agoAnd how many world bank loans are given to, well, let’s call them “less than stellar” African governments? All the Chinese needed for the infra loan projects to work were nations who couldn’t access financing via other means. Now they’ve been doing it a while, even the nations that can access the financing have been dipping into that well. Sometimes it’s just better terms.
- mahirsaid 2y agomost countries want to feel respected and included in the world. They don't just want you to take their resources and leave them in the dust. Even if the thought is " hey we'll fix your stuff in return then so be it". U.S. lets you know that the moment you don't go as planned and disagree with their view then bye bye to all of he efforts your country put in and momentum. Lets not forget economical momentum is just the thing a less developed country needs. One strategy doesn't work for all. This is clear from whats happening right now before us. Brics initiative, Brics plus and so on. you literally have the worlds biggest countries aligned for a parallel agenda. Brazil, Russia, India, China, and South Africa and even more are joining like turkey and some European countries. This is not small matter to overlook and be arrogant about.