BBCNEWS Newsday September 29, 2021 00:05:00
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...
Source: archive.org