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#foreigndebt — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #foreigndebt, aggregated by home.social.

  1. BoT ought to revise #exchangerate #policy
    "BoT bought up $5.8b in July, $6b in Aug, & $2.6b in 1H Sept.. danger of this is foreign #speculators wld be loaded w #Thai baht #BoT used to purchase $s fr.. Some 17% of 🇹🇭 #exports go to US & 12% go to PRC.. BoT might be better off focus'g on these 2 currencies iso stabilising NEER & REER. Thai banks had $31b & Thai corps had $123b in #foreigndebt.. equiv to 64% of 🇹🇭gross intl reserve. Tt is a threat to #Thailand's LT #stability"
    bangkokpost.com/opinion/opinio

  2. @shrugdealer

    holy. fucking. crap. 🤯

    Just a reminder: This was initiated under the government of Porfirio Lobo Sosa, who came into power by a military coup against president Manuel Zelaya.

    Although some of the tools seem new, It's the old story of US-backed military coups* wrecking countries also in the long term (in other cases the mechanism is military expenditure leading to foreign debt leading to World Bank-prescripted austerity measures).

    * Europe or any other imperialists aren't much different. But it's *really* often the US...

    #ForeignDebt #Honduras #LatAm #NeoColonialism #PrósperaZEDE #TradeAgreements #FreeTrade #CharterCities #PorfirioLobo