China is paralysing global debt-forgiveness efforts

since the pandemic. Four countries—Chad, Ethiopia, Ghana and Zambia—have asked for help under the framework. Only Chad has secured a deal, and it reschedules rather than cancels payments. Moreover, Chad’s debts were slight and China’s stake small . In 2017 the World Bank calculated that the average low-income country owed China an amount equivalent to 11% ofChina’s refusal to accept write-downs is the main issue.

Another disagreement between China and the West reflects different perspectives. In the Common Framework’s terms only loans by states are other states’ business. Private creditors and international institutions get off more lightly, rarely being called upon to cancel a dollar. But China does not separate its political promises to develop the world’s poorest countries from the country’s commercial activities.

A final problem is that China would rather work alone. Co-operating with other lenders involves sharing information. This may be necessary occasionally when borrowers are in enough trouble to default on lots of loans at once. But wary of appearing too soft and encouraging more defaults, China prefers to do its negotiations in private.

For years, Pakistan’s friends, many of whom do not get along, have stumped up debt relief and emergency funding for their valuable geopolitical ally. As a result, Pakistan’s politicians have come to expect last-minute miracles. But this time around China has not offered help. After suggesting a package, Saudi Arabia has gone quiet. Thecannot do all the work. Each party is tempted to leave the rescue to someone else.

China has come to the rescue of poor third world for win-win of both but IMF & other capitalist lenders are not only predatory but colonialist & coercive, actively forwarding the interests of the West with the use of economic warfare of lending.

The Chinese Communist Party (CCP) must Stop genocide against Uyghur Muslims in Xinjiang Stop oppression against Buddhists in Tibet Stop violence against the people of Hong Kong Stop threatening the people of Taiwan Respect the human rights of Chinese people.

Whatever. Looking at Chinese real estate for decades. False numbers.

China has crippled Pakistan's Energy sector through its IPPs, guanteeing 17% return and guaranteed threshold payments for overcapacity. Its inexperience in financing Mega projects is killing pakistan

US projected its Strategic Interests in Pakistan for decades, deploying its army & in return empowered it to rule the country through the 2 corrupt families by Fixed Elections. Imran Khan, an independent wants Fair elections in Near-Bankrupt & destabilized Pakistan

partial and against facts, Pakistan has not been allowed to prosper

There is no such thing as debt forgiveness. Just stop.

You know when a communist government practices Jubilee (a special year of celebration in the Bible that is mentioned in the Torah). Things are getting crazy...

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