Thursday, October 06, 2022

Borrowings by poor countries

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.

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1 comment:

Anonymous said...

Received notice from my bank last week that my interest rate went up by another 0.5 per cent.

This was the 3rd notice for this year 2022.

October 06, 2022 11:04 AM

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