Comments by "红火树 RedFireTree" (@firetree2007) on "India extends $500 mn line of credit to help Sri Lanka purchase fuel amid energy crisis | World News" video.

  1. loan from China must be debt trap. money from India must be helping, haha :)) 😁😁😁
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  2. Sri Lanka prefer China loans over IMF and World bank "The China loan will have been at reasonable terms, likely a 2% interest rate as has been established as the norm, with repayment over a ten-year period. The IMF have been unable to compete with these conditions, putting China in the driving seat when it comes to the geo-politics of supporting emerging and poorer nations. In 2020, Chinese external loans were nearly equivalent to those made by the World Bank."
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  3.  @indiaandisrael662  it is BS, the interest rate is 1.97%,
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  4. Sri Lanka 's problem is much deeper, this country is run by a bunch of west and US trained scholars, without know the reality, but only following west and US value running a developing country on books. no one can really save them, except if they can really get a wise intelligent leader which know the country and how to manage it well. ONe good example is, as a tropical country, food (grain) production should not be a problem, but they are doing so called BS "no chemical bio environment friendly" agriculture (total BS from west and US, even west and US do not , cannot do this kind BS agriculture themselves) , make them cannot even have enough food but need to spend huge amount of money to import grain. They grow rice not to use chemical fertilizers, but depend on so call bio fertilizer (just so amazing ), found bio fertilize with more bacteria, ( of course haha :) then they order bottled "bio" urea (haah :)) GGG, what is that? Urea is Urea, add some water to it put in bottle is bio now? ) and air shipped from India, (this country is just crazy), there is no difference just get a bag of Urea powder and directly put into the rice field. what any one else can do to this kind practice?? totally crazy. People from Sri Lanka should read what I wrote above and think about it.
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