Core Gold DMMIF

RE:RE:RE:RE:sucks

[RONNIE111]

From my readings about Ecuador's debts to China: the debts are guaranteed by oil, so if Ecuador can't pay in cash they pay in oil.  And China was the only one who would lend Ecuador money.  The Western banks, World Bank and so on, wouldn't lend because Ecuador defaulted a number of years ago.  
And Ecuador desperately needed to develop it's infrastructure.  If you have been to Ecuador , the nice new highway from Quito south that really helped to speed travel, was built with China money.  Someone said that the haul road that Core uses is new and in good condition- I wouldn't be surprised if that was also China money.  
And you are right: many countries have gotten into trouble by taking loans  they can't  afford . And perhaps China was too generous.  And no doubt there was corruption involved fairly often; but the countries were eager to accept the loan, the terms were laid out .  I don't think the World Bank has ever forgiven any debts that countries couldn't service, and when the World Bank gives a country a loan, it gets very involved with the country, and dictates all kinds of things.