Poor countries need to borrow money from rich countries to fund their infrastructure and economic development. They have to pay interest on the borrowings and return the capital at the end of the term.
https://tklcloud.com/Feedback/feedback2.aspx?id=5506
Received notice from my bank last week that my interest rate went up by another 0.5 per cent.
ReplyDeleteThis was the 3rd notice for this year 2022.