World Bank Projects

Forum Senior Member Rama ,can gather some facts.

This is how countries are built.  When you want to build a house, where do you go for financing?  The fact is that even America had to borrow money from China.  Russia borrowed from the west. Israel is borrowing from all countries.  The facts speak for themselves.  because of borrowing, China, and India became the most progressive countries in the world today.

PPP IS BACK AND SO IS PROGRESS AND PROSPERITY. THE TRAIN IS ON THE WAY TO THE MOUNTAIN TOP!!

@Ramakant-P posted:

This is how countries are built.  When you want to build a house, where do you go for financing?  The fact is that even America had to borrow money from China.  Russia borrowed from the west. Israel is borrowing from all countries.  The facts speak for themselves.  because of borrowing, China, and India became the most progressive countries in the world today.

What happens when Guyana kan't repay these loans?

@Mitwah posted:

What happens when Guyana kan't repay these loans?

Ask the Sri Lankans.  Specifically, ask them about Hambantota. 

@Totaram posted:

Ask the Sri Lankans.  Specifically, ask them about Hambantota.

Exactly my point. Guyana will become another Chinese colony when they cannot repay the loans. China does not write off loans. China is known to charge 0% interest and forcing the borrowers to hand over assets with national and strategic importance to China.

@Mitwah posted:

Exactly my point. Guyana will become another Chinese colony when they cannot repay the loans. China does not write off loans. China is known to charge 0% interest and forcing the borrowers to hand over assets with national and strategic importance to China.

Rama is too engrossed with the  PPP to fully understand this process. Plus the PPP is too busy with their kickbacks to care, regarding what they leave the Guyanese people. 

While China has zero interest for loans; it does have programmes to write off loans for some countries.

@Former Member posted:

While China has zero interest for loans; it does have programmes to write off loans for some countries.

Under what condition do they write off loans, without retaining the project ?

Review China approach/programmes to writing off loans to countries.

There are examples for the programmes in Africa, etc..

@Former Member posted:

Review China approach/programmes to writing off loans to countries.

There are examples for the programmes in Africa, etc..

AFRICA IN FOCUS

China and Africa’s debt: Yes to relief, no to blanket forgiveness

Yun Sun Monday, April 20, 2020

It would seem China is more interested in debt relief and restructuring, than total forgiveness.

One of the reports on China's involvement in writing off loans.

=======================

China’s promise of loan write-offs for distressed African nations barely dents a much bigger debt crisis

The study said China had cancelled interest-free loans amounting to US$3.4 billion in debt in Africa between 2000 and 2019. But China’s overall lending to Africa stood at US$152 billion worth of loan commitments between 2000 and 2018. The zero-interest loans come from China’s Ministry of Commerce as part of intergovernmental economic and technical cooperation agreements and average about US$10 million per loan, according to the study.

Source & rest of article - https://www.scmp.com/news/chin...ssed-african-nations

Regarding debt relief in Africa, 'researchers note a lack of  transparency fuels suspicion of China's intention'.

@Tola posted:

Rama is too engrossed with the  PPP to fully understand this process. Plus the PPP is too busy with their kickbacks to care, regarding what they leave the Guyanese people.

@Mitwah posted:

Exactly my point. Guyana will become another Chinese colony when they cannot repay the loans. China does not write off loans. China is known to charge 0% interest and forcing the borrowers to hand over assets with national and strategic importance to China.

Who said that they won't be able to pay back the loans? And what loans are you talking about? I was making a point about how countries are built and you got carried about paying back loans.

Guyana will be well developed by the end of the decade. Thanks to the PPP geniuses.

@Ramakant-P posted:

Guyana will be well developed by the end of the decade. Thanks to the PPP geniuses.

OK...the decade ends in 19 days.  We'll check back then. 

@Totaram posted:

OK...the decade ends in 19 days.  We'll check back then.

No! It's the next decade, dummy.

@Totaram posted:

Ask the Sri Lankans.  Specifically, ask them about Hambantota.

Nothing will happen to Guyana.  Loans will be repaid in full.  No problem there.  You already forgot about our oil and gas revenues.

@Ramakant-P posted:

No! It's the next decade, dummy.

You must have been one dumass teacher, if you don't know what you write.

@Tola posted:

You must have been one dumass teacher, if you don't know what you write.

Again, Your post is stupid.

@Ramakant-P posted:

Again, Your post is stupid.

Chupidness na gat cure.

@Django posted:

Project Financing

Don't let the Government fool you .

Don't let the opposition fool you.

Do you know how many jobs were created so far by the PPP/C government?

@Django posted:

World Bank Projects

You list projects that were done in the past.  Let us talk about the future.

@Django posted:

Forum Senior Member Rama ,can gather some facts.

Is it too much to ask what is so bad about projects by the World Bank?

@Ramakant-P posted:

You list projects that were done in the past.  Let us talk about the future.

Having trouble to understand the information ? I didn't list any thing.

@Django posted:

Having trouble to understand the information ? I didn't list any thing.

You printed them.  The ownership is yours.

@Ramakant-P posted:

Is it too much to ask what is so bad about projects by the World Bank?

The post is for informational purposes ,not to highlight bad ,mostly to counter the misinformation propagated by some people.

The information from both lending agencies to the Government of Guyana will tell how much money are borrowed and what development was done in the Country .

We live in a modern world and are no longer fooled by the Goebbels of the world.

@Ramakant-P posted:

You printed them.  The ownership is yours.

Can someone help Uncle Rama.

@Mitwah posted:

Exactly my point. Guyana will become another Chinese colony when they cannot repay the loans. China does not write off loans. China is known to charge 0% interest and forcing the borrowers to hand over assets with national and strategic importance to China.

If they are borrowing money from the IADB, how will Guyana become another Chinese colony?

Rama, when yuh stupid yuh done stupid, dat is why yuh will think IADB is Chinese

@Nehru posted:

Rama, when yuh stupid yuh done stupid, dat is why yuh will think IADB is Chinese

Could you rephrase that?  I believe that Mits is the one who thinks that the  IADB is Chinese or he is making reference to something else.

@Ramakant-P posted:

Don't let the opposition fool you.

Do you know how many jobs were created so far by the PPP/C government?

Zero.