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How bad is the debt people talk about of African countries incurring with China? (hexbear.net)

submitted 1 week ago by [email protected] to c/[email protected]

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I genuinely feel like America bombing the hell out of so many countries in Africa just naturally would endear those countries to anyone except America and their Western vassals, but apparently a lot of twitter users can't seem to comprehend that.

Is whatever debt these countries incur worse than the IMF? Are the consequences anywhere near as bad?

I usually like to start from the position that the leaders of these countries know what they're doing (something Western twitter users don't), so I personally doubt it's anywhere near as bad as people claim, and no matter how bad it is, I don't believe for a moment it could be as bad as the IMF.

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[–] [email protected] 9 points 1 week ago (1 children)

At the very worst, China operates like a normal private lender (which is obviously better than the strings attached to IMF loans). They just do an incredible amount of lending, because they genuinely want to build up Africa's economy for strategic reasons

[–] [email protected] 3 points 1 week ago

BUT AT WHAT COST?