"The Asian Infrastructure Investment Bank, Beijing’s answer to the #WorldBank, is set to unveil a “#climate action plan” this week that will become its top priority and spur a sharp increase in financing."
This could be a good thing. It could also put developing countries into deeper debt, the way the World Bank and the #IMF have done.
@CelloMomOnCars kereta cepat Indonesia cina (Indonesia- China HSR). First it was Business to business, but now Indonesia national budget is a collateral for the debt KCIC holds, which keeps increasing as the cost overrun is high
Oh wow.
On the one hand, nice to hear that HSR is coming on this busy corridor.
On the other hand: now that the government got involved, I think it should get a stake. As in, participate in the eventual profit. So that not all of it flows abroad.
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