Bill and Melinda Gates Are Paying Off Nigeria's $76M Debt to Japan

Re:Bill and Melinda Gates Are Paying Off Nigeria's $76M Debt... by throwwwwaway9 on Tuesday January 16, 2018 @03:32AM (#16156631)

A more correct title would be "Bill and Melinda Gates Are Paying Off Nigeria's Polio Related $76M Debt to Japan." So Bill Gates wants to eradicate polio and has been funding countries. In this Japan loaned it to Nigeria and Bill Gates paid it off.

Paying debts for third world countries (is this still politically correct?) is not efficient, might as well give it directly to their leaders--you save on fees. A corrupt to the core, third world country would issue even more debt to buy votes with projects (after taking a 20% "fee" for the leaders,) hire more of their supporters in state jobs etc etc.

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Re:Bill and Melinda Gates Are Paying Off Nigeria's $76M Debt... by lkbm on Tuesday January 16, 2018 @08:03PM (#16164559)

Sounds like an argument against blindly paying off third-world debt. If we focus on paying off just appropriate, "non-corrupt" debt, we're good.

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Re:Bill and Melinda Gates Are Paying Off Nigeria's $76M Debt... by dreen on Tuesday January 16, 2018 @07:16AM (#16157620)

third world countries originally ment states not aligned with USA, Nazi Germany or USSR, during and after ww2. this actually included ireland.

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Re:Bill and Melinda Gates Are Paying Off Nigeria's $76M Debt... by baud147258 on Tuesday January 16, 2018 @08:09AM (#16157854)

Yeah, but that's not the meaning currently used since the end of the cold war.

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Re:Bill and Melinda Gates Are Paying Off Nigeria's $76M Debt... by dreen on Tuesday January 16, 2018 @08:30AM (#16157992)

I didn't say it was. But I do prefer a political meaning to the economic one.

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