Hong Kong CNN — Developing countries owe Chinese lenders at least $1.1 trillion dollars, according to a new data analysis published Monday, which says more than half of the thousands of loans China has doled out over two decades are due as many borrowers struggle financially.
And the IMF does what that’s different from that?
Btw, how much money has China wiped from countries debt ledgers in the past?
Can you explain how the example above is similar to what the IMF does?
(they can’t, the whataboutism is a distraction so we don’t talk about daddy china anymore)
Read Confessions of an Economic Hitman.
I just read a brief summary and several reviews of this book, and it seems it’s wholly unsourced and making many dubious claims. There are so many legitimate criticisms of the IMF and pretty much any large institution…why make shit up to criticize?
They can both be bad you know
They can. I’ll wait to see what China does. I already know how the IMF and the World Bank operate.