It ANNOYS ME TO NO END to see our countries BINGING on Chinese Loans.
“Just sign up for plenty Loans...forget about imperatives of Debt Sustainability.” KAI!!
The idea was to help avoid a REPEAT of the DEBT ALBATROSS of the 80s, 90s and early 2000s. Alas, the REPEAT is on @ a LARGE SCALE.
Countries are best advised to AVOID the RISKIEST DEBT TYPES.
Citizens are ENABLING #LazyLeaders on the Continent to AVOID HARD WORK & go for #ChineseLoans.
What should worry us SERIOUSLY is our :
Debt Servicing to Revenue Ratio.
Last time I followed the data of the IMF on this, it was 63% . Gosh.
This is squeezing out Fiscal Space for Public Investment!
It is a vicious cycle.
We are entrapped & MUST BREAK OUT✍🏾