Lee Duna@lemmy.nz to World News@lemmy.worldEnglish · 11 months agoKenya seeks more Chinese loans at 'Belt and Road' forum despite rising public debtapnews.comexternal-linkmessage-square10fedilinkarrow-up146arrow-down12
arrow-up144arrow-down1external-linkKenya seeks more Chinese loans at 'Belt and Road' forum despite rising public debtapnews.comLee Duna@lemmy.nz to World News@lemmy.worldEnglish · 11 months agomessage-square10fedilink
minus-squarePugJesus@kbin.sociallinkfedilinkarrow-up3·11 months ago Because the actual important figure is % of GDP. Even that’s conditional. 50% of GDP as debt, as an example, is much more significant in a country where the GDP per capita is 2,000$, compared to 20,000$.
Even that’s conditional. 50% of GDP as debt, as an example, is much more significant in a country where the GDP per capita is 2,000$, compared to 20,000$.