Who loans money to these peeps?
Posted on 05/14/2016 11:57:09 AM PDT by ameribbean expat
It is clear that the secret lending was undertaken by the country's state security and intelligence services, and Africa Confidential here reveals yet more detail of the astonishing malfeasance at the heart of the state and who was responsible. The International Monetary Fund leads an international financial community aghast at the enormity of the deceptions of leaders of the governing Frente de Libertação de Moçambique (Frelimo) and is still pondering its response. It is sure to be severe and donors are already suspending budget support funds and grants.
(Excerpt) Read more at africa-confidential.com ...
Who loans money to these peeps?
Does the IMF ever get any money back, from the “loans” it makes to Third World Kleptocrats?
“Does the IMF ever get any money back, from the “loans” it makes to Third World Kleptocrats?”
Yes, it takes over the resources of the debtor country.
Don’t loan money to communist terrorists if you want to see it again.
people who own the banks, peoplE who take cuts of money for arranging loans from the banks, people who make a living pimping for sympathy from boig donors and financiers to keep funding the merry go round, people who own the country’s railways, the ports, and all the commercial exports they can drain and ship out of the country
a few dozen or a few hundred people enjoy fabulous wealth by selling the country piece by piece, inhabitant by inhabitant
colonialism never ended here, it just got a new name and new masters
or relatives.
You do. Ever heard of the Ex-Im Bank?
Used, entry level Hawker biz jet- which AFAIK based on the diagram is the only US exposure- starts around $2m.
Add this to the drought, and worse things are going to happen there.
I don’t even blame the people of these Third World dumps when they depose their dictators and don’t want to pay the debts; the money borrowed was not used for them (only in their names) and quickly stolen.
If they ruin their creditworthiness, it is an opportunity for them to grow up and get away from the debt servitude model employed (with horrible consequences) by the West...
It’s okay. Bono will just hold a U2 concert for them. /s.
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