You are absolutely right.Not challenging, just wondering how IMF debt restructuring going on?
Nah, that’s additional 15% in the last 10 years of the already unmanageable external debt you have.You are absolutely right.
CPEC debt by Pakistan to China constituted only 15% of its overall external debt. Highly manageable.
I guess it is easier to talk to a close friend like China than to the Paris Club and IMF.
Amazing management skillsNah, that’s additional 15% in the last 10 years of the already unmanageable external debt you have.
migs easier now because IMF have been giving u money since the 80s which you havent paid back on time. So it’s no surprise they’re gona be strict
the biggest problem in pakistan is not even the lack of exports. It’s your government leveraging to the tits just to have access to money in the international market. The biggest example is your metro train project
These could be commercial bank loans e.g. EXIM and not by the Chinese Government.That’s exactly what the article says that pakistan owed $3billion to electric companies at an unknown interest rate. It’s asking Chinese government for that $3 billion to pay those power companies. Now when we talk about refinance it usually means its asking Chinese government to give the $3 billion at a lower interest
Also it’s not a welcome step deferment of payment will keep the interest accruing. And when u pay back loan you pay the interest first then the remaining amount goes to the principal
Producing electricity by imported oil and natural gas is more expensive.
yeah more likely. But I doubt it’s EXIM Chinese are not gona refinance EXIM loans just like IMF wasn’t willing to give loans in lieu tht u we’re gona use the money to pay off CPECThese could be commercial bank loans e.g. EXIM and not by the Chinese Government.
Pakistan could be requesting for a loan assistance from China to help it to ride through these difficult time.
No one is threatened by CPEC except Pakistan itself. What has CPEC done for Pakistan except make her China's debt slave? When will Pakistan see dividends from these projects? Probably never.That is what USA and India wants, right.
They felt threatened by CPEC projects.
Holy f, can you stop spamming these images in every thread? It make you look even more retarded.