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Comfortable_Excuse41 t1_jdxbaqd wrote

Reply to comment by BrownMan65 in China Energy proposes $1bn floating solar farm In Zimbabwe by Wagamaga

That’s beside the the point, China knew very well the couldn’t pay back the loan. The loan about the 2 percent was made with contingent that the China merchant point would get 65 percent in 2012. In 2016 when they relinquish 80 percent ownership for 99 year contract. They couldn’t pay it off.

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BrownMan65 t1_jdxctil wrote

>That’s beside the the point

No that's literally not besides the point. That is the point. Sri Lanka mismanaged the whole project and couldn't pay their debts because they didn't follow the plans that were established for them. It is not China's, or any country's, duty to baby a nation if they decide they want to go their own path. If Sri Lanka decides they want to move on with phase 2 immediately after phase 1, then that is solely on Sri Lanka and no one else.

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Comfortable_Excuse41 t1_jdxg8qu wrote

That’s why the IMF had guideline. Sri Lanka couldn’t meet those guidelines so they went to china. It wasn’t the interest rate. China knew what was going on. They had the ability to make china merchant port 65 percent ownership. They could of forced them to wait. It’s a debt trap plain and simple. Plus your whole argument was that china was using debt trap diplomacy.

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