cross-posted from : https://lemmy.zip/post/66691399
Ethiopia, Mozambique, Zambia, Pakistan and Indonesia reportedly seek to switch loans currency to yuan
Kenya took a similar move in 2025, change of terms saved Nairobi $215 million annually
cross-posted from : https://lemmy.zip/post/66691399
Ethiopia, Mozambique, Zambia, Pakistan and Indonesia reportedly seek to switch loans currency to yuan
Kenya took a similar move in 2025, change of terms saved Nairobi $215 million annually
Will Kenya’s revenue streams - such as those gained from the country’s exports and other unrelated income - be used as collateral for the Chinese debt as it is usually the case with Chinese loans?
If interested:
How China Collateralizes