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

The analysis, published on Tuesday by Australian foreign policy thinktank the Lowy Institute, said that in 2025 the poorest 75 countries were on the hook for record high debt repayments US$22bn to China. The 75 nations’ debt formed the bulk of the total $35bn calculated by Lowy for 2025.

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[-] [email protected] 5 points 1 week ago

I've always wondered, what happens if a country goes down and a new country forms under the same territory by people living there? Does the debts vanish?

[-] [email protected] 3 points 6 days ago

If the new country refuses to assume the debt, creditors can hesitate to lend to it because they can expect that the same thing can happen again. It depends on their perception of the new government, or of its new constitution and laws.

[-] [email protected] 2 points 6 days ago

Pretty much, but it would depend on who the creditor is.

this post was submitted on 27 May 2025
63 points (97.0% liked)

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