How a bailout offered by one country to others impact world at large.
The below statement is from FT a reputed financial paper:
Article: China grants billions in bailouts as Belt and Road Initiative falters
However, there are big differences between IMF programmes and Chinese bailouts. One is that Chinese money is not cheap. “A typical rescue loan from the IMF carries a 2 per cent interest rate,” said the study. “The average interest rate attached to a Chinese rescue loan is 5 per cent.”
Source: FT
No comments:
Post a Comment