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The BRI is just the Temu version of the IMF with Chinese industry upsell.


It is not. The IMF does not demand collateral for the loans that they then hand over to foreign governments. China does.

https://theconversation.com/mombasa-port-how-kenyas-auditor-...


That article says the exact opposite of what you are claiming. This is the lede paragraph:

"In December 2018, a leaked letter from the Kenyan auditor-general’s office sparked a rumour that Kenya had staked its bustling Mombasa Port as collateral for the Chinese-financed Standard Gauge Railway. Our new research shows why the collateral rumour is wrong."

LLM much?


IMF forces countries to adopt austerity politics[1], causing lower economic activity and often leading to economy shrinkage[2], and forces countries to open their markets to foreign capital, which leads to surplus extraction abroad. Both of those measures lead to impoverishing the country that is taking the loan.

[1] https://www.bu.edu/gdp/2021/04/05/imf-austerity-is-alive-and... and https://academic.oup.com/book/11959?login=false

[2] https://accountinginsights.org/austerity-principles-economic...




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