Kenya’s Finance Act 2023, which has provoked country-wide protests by aggravating the cost of living crisis through taxes on basic commodities and incomes, is welcomed by the US because it will “give Americans safety on investing in the country”
Bad News for Pakistan, Moody s Says Country at Increased Risk of Failing to Secure IMF Bailout latestly.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from latestly.com Daily Mail and Mail on Sunday newspapers.
A dozen poor countries are facing economic instability and even collapse under the weight of hundreds of billions of dollars in foreign loans, much of them from the world s biggest and most unforgiving government lender, China. Chinese Debt Trap: China’s Loans Pushing World’s Poorest Countries to Brink of Collapse.
More than 200 BRI cooperation agreements had been signed by 140 nations at the start of 2021, serving as frameworks for Chinese businesses to construct infrastructure projects like ports, railways, power plants, and telecommunication networks using low-interest Chinese loans to host countries, Capital FM.co.ke reported.
The corporation, which is in debt of nearly 50 billion, and the prevailing situation could be attributed majorly to Chinese aircraft, according to a local media group, , Nepal Airlines, Chinese debt trap