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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 1 month 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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[–] trolololol 2 points 1 month ago (1 children)

When imf says aid it's not what you mean. It means loan with strings attached.

[–] olympicyes 1 points 1 month ago (1 children)

Strings meaning the repayment terms. The issue was more about which lender is going to write down bad loans, China or the west.

[–] trolololol 2 points 1 month ago

Oh no way, they will tell you to nationalize assets, impose fiscal austerity and all the other things that you can hear from a corporations board room in search of records profit in the next quarter even if it means nosediving economics in 4 months.

So yep, aid is worse than loans.