Sri Lanka appeals to China to ease debt burden amid economic crisis
President urges rescheduling of payments amid food and electricity rationing after pandemic hit tourism sectorCash-strapped Sri Lanka has sought to reschedule its huge Chinese debt burden in talks with visiting foreign minister Wang Yi, the president’s office said.“The president pointed out that it would be a great relief if debt payments could be rescheduled in view of the economic crisis following the pandemic,” President Gotabaya Rajapaksa’s office said in a statement on Sunday. Continue reading...
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Debt diplomacy.
Once you owe $$$...
(10-01-2022, 11:35 AM)sgbuffett Wrote: [ -> ]Debt diplomacy.
Once you owe $$$...
Which country in Asia doesn't borrow money from IMF, World Bank, etc.?
(10-01-2022, 11:35 AM)sgbuffett Wrote: [ -> ]Debt diplomacy.
Once you owe $$$...
You go which bank no need pledge assets for loan? Pls name them quick so we can go borrow
(10-01-2022, 11:35 AM)sgbuffett Wrote: [ -> ]Debt diplomacy.
Once you owe $$$...
If were to be IMF, u be seeing a stern folding arms IMF director
![[Image: http%3A%2F%2Fcom.ft.imagepublish.upp-pro...&width=240]](https://www.ft.com/__origami/service/image/v2/images/raw/http%3A%2F%2Fcom.ft.imagepublish.upp-prod-eu.s3.amazonaws.com%2Fec49e872-5300-11dd-8dd2-000077b07658?fit=scale-down&source=next&width=240)
heard many sri lanka business man very jialat, many cannot transfer large sum out from the country.
(10-01-2022, 11:44 AM)wulala Wrote: [ -> ]heard many sri lanka business man very jialat, many cannot transfer large sum out from the country.
Many countries are very jialat.
Thanks to Assmerica for flooding the world with US$ and all sorts of sanctions, trade war, etc.!
(10-01-2022, 11:38 AM)cityhantam Wrote: [ -> ]Which country in Asia doesn't borrow money from IMF, World Bank, etc.?
Most countries borrow from the govt bond market....not so much from another govt.
(10-01-2022, 02:51 PM)debono Wrote: [ -> ]I understand that China had helped Sri Lanka with a port project, and if they cannot repay the loan, then the port will be taken over by China...
If you borrow money from bank to buy a house, and then can't pay back the loan, what will happen to your house?
(10-01-2022, 02:56 PM)cityhantam Wrote: [ -> ]If you borrow money from bank to buy a house, and then can't pay back the loan, what will happen to your house?
It will be taken over by the bank and sell in the open market or auction......
(10-01-2022, 12:03 PM)sgbuffett Wrote: [ -> ]Most countries borrow from the govt bond market....not so much from another govt.
But for a country with not so good credit rating, how much yields will their bond need to give to attract people to buy?
【頭條開講】斯里蘭卡求生!茶金還債!世界銀行點名會破產!中國債僅佔10%!西方卻喊一帶一路拖垮?真相是世界銀行背後是美國?@頭條開講 精華版
China already not being paid. The only way is thr. Asset inflation.
US corporation owned by England owned by the CROWN corporation died.
Plandemic crashes Big Time in England.
ICC CID approached UK police
Police will be arrested as complicit if they don't close down vaccine centers
(21-01-2022, 01:15 AM)cityhantam Wrote: [ -> ]
【頭條開講】斯里蘭卡求生!茶金還債!世界銀行點名會破產!中國債僅佔10%!西方卻喊一帶一路拖垮?真相是世界銀行背後是美國?@頭條開講 精華版
10% is not a lot but if can save a bit is a bit.
Another way to look at it is , they maybe the only party that more likely to extend the credit.
(21-01-2022, 07:25 AM)watchfirst9 Wrote: [ -> ]10% is not a lot but if can save a bit is a bit.
Another way to look at it is , they maybe the only party that more likely to extend the credit.
China's national debt only accounts for 10%. The west calls the Belt and Road initiative to collapse......
