RE: And so it begins ?21 Sep 2023 08:31
Not to be a negative Nancy Passiton, but the BRI is there purely for the benefit of China.
I believe it was Montenegro who recently had problems with repayment of debt under the BRI and it came to light that in the contract in the event of a default, China is entitled to take over any and all structures, installations and major infrastructure in the country until the debt is paid in full.
What this effectively means is that Montenegro, in the event of a default will forfeit pretty much the entire country apart from government and military installations.
China are currently eyeing up the Montenegro coal mines and their ports.
This could well go the same way in TL, unless the current government get their finger out.