Poorest 750 nations face ‘tidal wave’ of debt repayments to China in 2025, study warns
www.theguardian.com
Vulnerable countries to pay record $22bn this year, mostly relating to loans issued under Xi Jinping’s belt and road initiative

The analysis, published on Tuesday by Australian foreign policy thinktank the Lowy Institute, said that in 2025 the poorest 75 countries were on the hook for record high debt repayments US$22bn to China. The 75 nations’ debt formed the bulk of the total $35bn calculated by Lowy for 2025.

  • CaptainBasculin@lemmy.mlEnglish
    5·
    3 days ago

    I’ve always wondered, what happens if a country goes down and a new country forms under the same territory by people living there? Does the debts vanish?

    • Danquebec@sh.itjust.worksEnglish
      3·
      3 days ago

      If the new country refuses to assume the debt, creditors can hesitate to lend to it because they can expect that the same thing can happen again. It depends on their perception of the new government, or of its new constitution and laws.