Attention Economy


Monday, August 19, 2024

China and the Debt Trap Facing Poor Countries

 
Nepal Asks China to Wipe Away a Loan It Can’t Afford to Pay Back
A new government in Nepal formally asked for relief from a $216 million debt it incurred for construction of an airport in Pokhara that has been beset by problems.

Africa’s Debt Crisis Has ‘Catastrophic Implications’ for the World
https://www.nytimes.com/2024/08/28/business/african-debt-crisis.html