Re:Chinese may take over Mombasa port: Ouko
by barry-cotter on Wednesday December 26, 2018 @09:49AM
(#18762375)
Much easier to blame the IMF than the fact that if you want to spend more than you take in in taxes you’re going to have inflation and currency depreciation unless you have capital controls. Also, the IMF doesn’t really lend large amounts of money to countries that can access global capital markets generally. Non-concessional lending is mostly for when no one will lend your country money because you’re not expected to be able to repay. Concessional lending is interest free so I struggle to see how they’re supposed to make money on that.
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