Western companies and governments are far more forgiving of these situations than the Chinese are.

Countries go back to the IMF over and over asking for forgiveness and extension of loans which are provided at far below market rates, and as long as you aren’t doing stupid shit like converting your economy to run on Bitcoin or using those loans to cut taxes ahead of an election, you will probably be able to continue doing that.

Western loans also don’t tend to require you to use western subcontractors who will fly in unskilled laborers from their own countries to do the work instead of using the unemployed and large local working population.