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Colombia, historically the most obedient US client regime in Latin America, is joining the Belt and Road Initiative! (lemmy.ml)

submitted 6 months ago by [email protected] to c/[email protected]

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cross-posted from: https://lemmy.ml/post/21080081

https://xcancel.com/BenjaminNorton/status/1842789775968759982#m

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[–] [email protected] 7 points 6 months ago* (last edited 6 months ago)

China takes write downs all the time. It has written down over $3Bn in debt and it's restructured 5x that for countries who couldn't afford to repay on the original terms.