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Resolute Resources Ltd. Operational UpdateSince incorporation in 2019, Resolute Resources has advanced from an exploration concept to a publicly listed oil and gas company. We made our first land...
Its chinese creditors — all before the railway even starts operations. loans like the laos deal are often cloaked in confidentiality clauses, so researchers are concerned that the shaky financing behind such deals are often hidden from public view, even though ultimately it's the public that's going to be on the hook for repaying the mammoth debts to china owed by such mammoth projects. we spoke earlier to executive director dr brad parkes. he was a lead researcher on this report. i asked why china's lending of this money was so concerning. the levels of debt accumulated over time are stagge...
So researchers are concerned that the shaky financing behind such deals are often hidden from public view, even though ultimately it's the public that's going to be on the hook for repaying the mammoth debts to china owed by such mammoth projects. we spoke earlier to executive director dr brad parkes. he was a lead researcher on this report. hejoins us again. why he joins us again. why should we be worried that a lot of this lending comes from debt rather than actual money owed? the levels of debt accumulated over time are staggering. we found 42 countries around the globe now have levels of p...
A $600 million chunk of its energy grid to pay its chinese creditors — all before the railway even starts operations. loans like the laos deal are often cloaked in confidentiality clauses, so researchers are concerned that the shaky financing behind such deals are often hidden from public view, even though ultimately it's the public that's going to be on the hook for repaying the mammoth debts to china owed by such mammoth projects. we can now speak to executive director brad parkes. it was a leap researcher on this report and joins us from virginia. great to have you on the programme. what ...
20 years or so, major - past. i think that for the last l 20 years or so, major western powers, multilateral institutions, have really focused on making sure public finances in poorer countries are strong, which means providing grants and low—interest loans. a typical overseas loan from china has a 4% interest rate, and a typical loan from germany, france, japan has a i% loan from germany, france, japan has a 1% interest rate. so china is on the hunt for profitable revenue generating projects, it wants to be repaid on time and with interest, it is looking to turn a profit. it is looking to t...