All while tankies claim the loans are money “gifted, not loaned”. I couldn’t convince a bunch of tankies on Twitter that Hungary will pay for the Fudan university building in Budapest, it’s not built as a present by the Chinese.
@ZILtoid1991 that’s a really strange argument from them. I don’t think the Chinese govt would dispute that it’s a loan.
I’m far from a tankie myself but I would have thought that the main thing in BRI loans’ favour is it doesn’t come with the condition that you have to cut health and education funding (which the IMF is infamous for). Possibly at less risk of ending up sued by Vulture funds too, though time will tell on that one.
@ZILtoid1991 ah that’s interesting. I don’t know much about that railway project. I can’t speak/read Magyarul, but do you have a link in English that could help me learn more?
This article is the best I could find, but it’s out of date.
@HootinNHollerin eh, Kenya has a history of having to borrow money from various world powers (including US and USSR) and having to put up with their BS since the 1960s.
Vassal state it will become. As the belt and road intended
All while tankies claim the loans are money “gifted, not loaned”. I couldn’t convince a bunch of tankies on Twitter that Hungary will pay for the Fudan university building in Budapest, it’s not built as a present by the Chinese.
@ZILtoid1991 that’s a really strange argument from them. I don’t think the Chinese govt would dispute that it’s a loan.
I’m far from a tankie myself but I would have thought that the main thing in BRI loans’ favour is it doesn’t come with the condition that you have to cut health and education funding (which the IMF is infamous for). Possibly at less risk of ending up sued by Vulture funds too, though time will tell on that one.
Issue is, another BRI loan in Hungary (one that was taken to build the Budapest-Belgrade train line) already in controversies of corruption.
@ZILtoid1991 ah that’s interesting. I don’t know much about that railway project. I can’t speak/read Magyarul, but do you have a link in English that could help me learn more?
This article is the best I could find, but it’s out of date.
@HootinNHollerin eh, Kenya has a history of having to borrow money from various world powers (including US and USSR) and having to put up with their BS since the 1960s.
Meet the new boss, same as the old boss. Right now Kenya is also similtaneously in the hole with the World Bank and having dealings with the IMF.