[deleted] t1_jdvy9jr wrote on March 27, 2023 at 4:23 PM

Reply to comment by Khoza604 in China Energy proposes $1bn floating solar farm In Zimbabwe by Wagamaga

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ProShortKingAction t1_jdxqskd wrote on March 27, 2023 at 11:28 PM

Belt and Road initiative loans are relatively low compared to other sources you would go to for a project like this like the IMF who would be saddling you with a higher interest rate and a bunch of stipulations involving how you can run your economy. The debt trap isn't anything on the surface it's that China is giving these loans to historically unstable countries that no other source would be willing to lend to because there is no guarantee they will be economically stable. So you take the loan because of course you will be the one to turn your country around and keep the boat from tipping over and then a nearby harvest fails, bread prices go up, and everything goes to shit. Now here you are stuck with this loan and no capacity to repay it

LogRepulsive5113 t1_jdwrslw wrote on March 27, 2023 at 7:31 PM

Source?

[deleted] t1_jdxezau wrote on March 27, 2023 at 10:02 PM

[deleted]

lori_lightbrain t1_jdy8agx wrote on March 28, 2023 at 1:38 AM

lmao that's not even a valid wiki URL

ShaunDark t1_jdz22e8 wrote on March 28, 2023 at 6:10 AM

New reddit thing, has been going on for years. They changed something in the interpreter and afaik if someone posts a link with an underscore there will be a backslash before it in old reddit and on certain mobile apps. Opening the comment in new reddit and probably the native app should work. Or removing the backslash.