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Med Covid-kriselånene eier Kina nå 62 prosent av Afrikas gjeld

Fra The Herland Report.
Les hele artikkelen her.

Utdrag:
“Since the 2008 global financial crisis, China has steadily increased its direct lending to developing countries – often with draconian conditions attached”.

“The pandemic is confronting highly indebted poor countries with a fateful dilemma. As Ethiopian Prime Minister Abiy Ahmed, a Nobel Peace Prize laureate, lamented last April, leaders have been forced to choose whether to “continue to pay toward debt or redirect resources to save lives and livelihoods.” And when they choose the latter, it is often China – Africa’s biggest bilateral lender – to which they have to answer, writes Paola Subacchi, Professor of International Economics at the University of London’s Queen Mary Global Policy Institute”.

“Some 70% of the affected payments – worth about $8 billion – are owed to China, which holds 62% of Africa’s official bilateral debt. This should not be a surprise: since the 2008 global financial crisis, China has steadily ramped up its direct lending to developing countries. For the 50 most indebted recipients of such lending, the average stock of debt owed to China has increased from less than 1% of GDP in 2005 to more than 15% in 2017”.

"African countries often cannot afford to build the infrastructure they desperately need to support their growing populations. Moreover, they lack access to international capital markets and banks. And sovereign lenders have not picked up the slack: in 2017, the Paris Club accounted for only 5% of public and publicly guaranteed debt in Sub-Saharan Africa.

Chinese lenders, on the other hand, have been willing to extend loans to poor African countries without demanding much in terms of governance reforms and anti-corruption measures. The result has been projects that are bound by draconian lending conditions, expensive to operate, and unlikely ever to produce decent returns".

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China takes ownership of Covid Africa through Debt

Vad er fiat penger eller penger idag.

Fiat-penger er penger uten en iboende verdi. Det er penger som er erklært for å være penger, men der utstederen har ikke dekning til å innløse dem i realverdier. Det er utelukkende tiltroen til at den neste kjøperen i rekken også vil akseptere pengene som betalingsmiddel som får dem til å bli penger. Wikipedia

African countries often cannot afford to build the infrastructure they desperately need to support their growing populations. Moreover, they lack access to international capital markets and banks

Stygt, Afrika har ikke tilgang til kapital marknader, penger system og der kan jeg tenke meg at det er USAs Swift system bla eller BRICS lands pengersystem og infrastruktur som Afrika har og velge mellom. Tilgang til muligheten å drive handel. Rævkjørt uansett med humor.

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:dizzy_face: Desentralisert er et ord i dette sammenheng som man skal fundere over. 3 år…

Screenshot_20210128_140526_com.huawei.browser

Hvor er Afrika på kartet og hvorfor skjer det ikke noe der…

Sand Dollar Is A Safe & Easy Alternative To Cash

Nå kan alle ha en egen valuta i et betalingssystem som kan bli globalt om mange nok bruker det. Produksjons- og distribusjonskostnader er lave så monopolens tid er over. Desentralisering…

Om noen ikke følger med i galskapen så er positive pengar bra å følge med på kontra penger. Blogg og Facebook.

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