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Author Topic: Malaysia renegociate loan with China-wake up Africa  (Read 569 times)

Offline Kichwa

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Malaysia renegociate loan with China-wake up Africa
« on: April 14, 2019, 12:39:42 AM »
https://www.nytimes.com/2019/04/12/business/chinese-high-speed-rail-malaysia.html
"I have done my job and I will not change anything dead or a live" Malonza

Offline Nefertiti

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Re: Malaysia renegociate loan with China-wake up Africa
« Reply #1 on: April 14, 2019, 12:51:04 AM »
Don't interrupt the party here. People were quite happy without you.
I desire to go to hell and not to heaven. In the former place I shall enjoy the company of popes, kings, and princes, while in the latter are only beggars, monks, and apostles. ~ Niccolo Machiavelli on his deathbed, June 1527

Offline RV Pundit

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Re: Malaysia renegociate loan with China-wake up Africa
« Reply #2 on: April 14, 2019, 07:48:43 AM »
Maybe if Africa had options - they'd choose. Beggars don't choose. Malaysia has options. Kenya doesn't. Right now it's only the Chinese willing to spend money. Americans are not better. They want to build Mombasa-Nairobi highway for 3B dollars - about the same prices Chinese did the railway.

And really most of Chinese loans to Africa are low interest and very competitive with WB/IMF loans.

Anyway Africa Dev Bank is doing a great job - supplementing WB & IMF & China
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