It is the 20th of September 2019

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China Loans Guinea $20 Billion In Exchange For Minerals

Having already taken over Venezuela with billions of pre-petition Debtor in Possession loans to the soon to be insolvent nation, China has franchised its model of financial colonialism, perfected over the decades by the IMF and World Bank, and on Wednesday agreed to lend Guinea $20 billion for 20 years in exchange for concessions on bauxite, an aluminum ore of which the West African country has vast resources the country's mines minister said.

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China Loans Guinea $20 Billion In Exchange For Minerals

Having already taken over Venezuela with billions of pre-petition Debtor in Possession loans to the soon to be insolvent nation, China has franchised its model of financial colonialism, perfected over the decades by the IMF and World Bank, and on Wednesday agreed to lend Guinea $20 billion for 20 years in exchange for concessions on bauxite, an aluminum ore of which the West African country has vast resources the country's mines minister said.

Read More

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