China’s investment strategy of throwing money at developing countries appears to have hit a snag in the Republic of Congo as the central African nation is seeking an International Monetary Fund bailout.
The IMF places conditions on its loans to force governments to take measures to boost their finances. It is only now that “Beijing is beginning to realise that problems can build up”, in particular after Venezuela defaulted. About one-third of the country’s debt is in Chinese hands, or about $2-billion, said the specialist in relations between China and Africa.
Hopefully it's not cancer causing factories they're investigating
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China's vast investment in Africa hits a snag in CongoWhen the plunge of global oil prices in 2014 blew a hole in the Congolese government's finances, it was China that stepped in to help.
Source: ewnupdates - 🏆 30. / 53 Read more »
China's vast investment in Africa stutters in CongoChina's investment strategy of throwing money at developing countries appears to have hit a snag in the Republic of Congo. Investment...what are they investing? I need to read... The picture you use for illustration has nothing to do with Congo-Brazaville. This guy is Congo-Kinshasa Prime Minister Bruno Tshibala. Please try to be more precise on such thing as it's often misleading.
Source: eNCA - 🏆 49. / 51 Read more »
China’s vast investment in Africa hits a snag in CongoChina's investment strategy of throwing money at developing countries appears to have hit a snag in the Republic of Congo as the central African nation is seeking an IMF bailout. The picture you took for illustration is NOT for Congo-Brazsaville president instead it's for Congo-Kinshasa's one. Please pay attention to that when publishing stuff. Congo-Brazzaville boss is Denis Sassou Nguesso and that picture is of Felix Tshisekedi of DR-Congo.
Source: TheCitizen_News - 🏆 6. / 75 Read more »
China's vast investment in Africa stutters in CongoChina's investment strategy of throwing money at developing countries appears to have hit a snag in the Republic of Congo. I hope they don't bring their cancer causing factories to Africa
Source: eNCA - 🏆 49. / 51 Read more »
BUSINESS MAVERICK: China, South Africa and the middle-income trapChina and South Africa seem so distant and so different. Chinese economic growth has been fabulous; over the past decade, South Africa’s has been miserable. China is enormous; SA is small… and so on. But in one singular respect, China and South Africa are similar — they may be both caught in the middle-income trap. If there is such a thing.
Source: dailymaverick - 🏆 3. / 84 Read more »