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Poorest 75 nations face ‘tidal wave’ of debt repayments to China in 2025, study warns
(www.theguardian.com)
this post was submitted on 27 May 2025
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Surely, but the difference is that China isn't going in with the express intent of creating a debt trap to leverage poor countries to adopt austerity. They're not saints, but it turns out that being 100x better than the IMF is a very low bar, like being more ethical than the CIA.
They are not better than the IMF or more ethical than the CIA. They are most likely far worse.
Why?
The American government (I think that's what you are referencing when using the term CIA) has done a lot of very bad things. I don't they've done anything as bad as the concentration camps and cultural genocide in Xinjiang (in the last ~100 years).
IMF can actually be flexible in some situations and there is measure of accountability. Chinese loans are managed by the CCP; an authoritarian criminal group.
I would like to suggest that you read the Jakarta Method. The CIA is directly responsible for multiple reactionary movements around the world, and those efforts very reliably led to mass murder, in some cases at the direct request of the CIA. The OSS, the precursor to the CIA, overthrew Guatemala's government because they had the gall to pay United Fruit what they said their farms were worth in tax filings when they nationalized the farms, and they went ahead and re-instated chattel slavery there, as a treat. Dulles apparently did a jig in his socks he was so happy about it.