Comment on African Development Bank chief criticizes opaque Chinese loans tied to Africa's natural resources as they leave African countries in financial crisis

SwingingKoala@discuss.tchncs.de ⁨6⁩ ⁨months⁩ ago

• 0x815@feddit.de ⁨6⁩ ⁨months⁩ ago

  Last year a group of international researchers conducted a study investigationg China as an International Lender of Last Resort.

  TLDR: World Bank and IMF are not good, but China’s system is much worse.

  But it’s a very good read, absolutely worth the time.

  source

  • Kbin_space_program@kbin.social ⁨6⁩ ⁨months⁩ ago

    Thanks for posting that.

    It's sad and amusing that China's lending system is doing exactly what all of the detractors said it would.

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  • SwingingKoala@discuss.tchncs.de ⁨6⁩ ⁨months⁩ ago

    A US-based and financed research organization with researchers who work at the World Bank saying that the Chinese imperialistic financial system is worse than theirs, why am I not surprised?

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    • 0x815@feddit.de ⁨6⁩ ⁨months⁩ ago

      There are several researchers involved, not just from the U.S. They criticize the Workd Bank, the IMF, the U.S. system. They present data so you can verify them, they provide conclusions based on the data and that are obviously similar to those made by the African Development Bank’s head.

      A lot of countries in Africa and the rest of the world share similar views, btw.

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    • Shalakushka@kbin.social ⁨6⁩ ⁨months⁩ ago

      When you can't attack the argument, attack the source lol

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      • fuckingkangaroos@lemm.ee ⁨6⁩ ⁨months⁩ ago

        Yeah. Usually they just personally attack the poster, so this is… better?

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