Loans pushing poorest countries to brink of collapse

A group of twelve impoverished nations is grappling with economic instability and potential collapse due to the burden of massive foreign loans, predominantly from China, the world’s largest and least forgiving government lender.

An analysis conducted by the Associated Press focused on twelve countries with the highest debt to China, including Pakistan, Kenya, Zambia, Laos, and Mongolia.

The findings reveal that servicing these debts is progressively consuming a larger share of tax revenue that should be allocated to essential services such as education, electricity, food, and fuel.

Moreover, it is depleting foreign currency reserves that these countries rely on to pay interest, leaving them with only a few months before running out of funds, as reported by the Associated Press.

"China’s loans pushing world’s poorest countries to brink of collapse"
READ MORE: https://apnews.com/article/china-debt-banking-loans-financial-developing-countries-collapse-8df6f9fac3e1e758d0e6d8d5dfbd3ed6

Links for B.C.

Visit My Website
https://bcbegley.com

Follow Me On Facebook
https://www.facebook.com/B.C.Begley

Subscribe To My Patreon
https://www.patreon.com/bcbegley

Watch Me On YouTube
https://www.youtube.com/channel/UCGoUf-QQTlTN-BIh3ERCE9A

Follow Me On Twitter
https://twitter.com/BC_News1

Watch Me On Rumble
https://rumble.com/c/c-280191

Follow Me On Gab
https://gab.com/BC_Begley

Subscribe To The Apocalypse Watch App
https://newapocalypsewatch.com