well, according to the Jamaica experience, they loan the government money with lots of strings attached. Like high interest rates, short term, only used for export commodities at the expense of the local economy. The result is the loan can't possibly be repaid and the country slides further into debt
well, according to the Jamaica experience, they loan the government money with lots of strings attached. Like high interest rates, short term, only used for export commodities at the expense of the local economy. The result is the loan can't possibly be repaid and the country slides further into debt
DavidAKZ 2 years ago