TayserMahri:


Just googling a little bit tells you Paris club is IMF in a mask No one needs a dose. I came up with that infor without seeing RVP's post,,,its expected of smart ppl anyway!



By 1985 you had 19 B debt in dollars...one of the most heavily indebted countries at the time. Apparently you even printed money to pay off the debt

rvp2018:
That details. The point is your received 18B dollars free money. If you had been forced to repay it all..you probably would have sunk.

Now talking of Kenya - We have gone to Paris club - for debt rescheduling - never debt forgiveness. We have NEVER DEFAULTED. We KNOW MORE ABOUT PRUDENT PUBLIC MANAGEMENT than many many African countries.

https://www.treasury.go.ke/aboutus/directorates/35-departments/debt-management/137-debt-relief-initiatives.html
Kenya has gone to Paris Club three times for rescheduling in 1994, 2000, and 2004

1) 1994 - Kenya rescheduled US$ 4 Million - this was Loan to Kenya Airways that our gov had guaranteed - and KQ was in danger of collapsing. After Gok repaid the loan - we privatized KQ and it's been flying high until recently. One of most successful privatisation of an Airline worldwide.

2) 2000 - we had a huge budget deficit as our economy was basically under recession -we agreed with the Paris Club of creditors to reschedule 300m dollars.

3)Lastly 20004- This last was the Paris club agreement- we had about 450M dollars rescheduled.
US$ 350 Million was rescheduled for a consolidation period of 3 years
US$ 65 Million for this Financial year
Japan rescheduled US$ 197.4 (56%), Million.

Kenya promptly paid as per agreement and we got back to schedule with our debts. If I recall Italy was only one who swapped debt -for aid - basically they converted their debt into development program - so we repay but keep the money for Italian approved projects...very small money.

For commercial loans - we went to London club - got debt cancellation of interest of 21m dollars in 90s and rescheduling of 49m dollars - the 90s and early 2000s were without doubt Kenya darkest economic moments...

So when I see Nigerians and the worse GHANA - lecturing Kenya about debt, china, and such nonsense - I just shake my head in disbelief.

kikuyu1:


You're not the only one wondering.

theenchanter:

why are u disturbing ur own brain, my rafiki?

Mkenya2019:
Yes, it very likely, they will get another debt forgiveness soon. The world doesn't like a poor Nigeria breeding Boko haram, immigration, international crime, and drug trafficking. To some extent they are smartly hopeless. Multilateral and bilateral loans are more AID than real debt.

What I really pity is Tanzania and Ghana who have taken lots of commercial debt. If they get into turbulence - and say South African bank is being asked to let go of a billion dollars. Ohoo men they will demand an Island!! or start seizing embassies, airplanes and anything written Tanzania and sell it.

Countries like Ghana, Zambia, and now Tanzania when they get rejected by multilateral or bilateral donors - they rush to commercial banks - and get loans - and start building nonsense - and then they fail to pay - and they go Argentina way.

TayserMahri:


i can see today you are as ho.rny as sammy

obaaderemi:
They have received a few small debt forgiveness here and there. That's what they are worth, my brother.
If you ask them to pay let's say: 10bn$ to cancel their remaining debt, do you think they can do that? A $60bn economy is small fry for such negotiations.

That guy doesn't understand how international finance works. I have said that countless times here.

theenchanter:
isn't it funny that grown men like urself and rvp-whatever thinks Paris club give loans?

U guys are very mad indeed!

kikuyu1:


You're carried away by the likes of your mental twins! Your redundant posts aren't peer reviewed articles at Harvard MBA school but outtakes of juvenile ignorance liked by the inmates in this madhouse.
I also told you not to praise yourself: frankly my dog knows more about intl finance than you!

kikuyu1:


You're carried away by the likes of your mental twins! Your redundant posts aren't peer reviewed articles at Harvard MBA school but outtakes of juvenile ignorance liked by the inmates in this madhouse.
I also told you not to praise yourself: frankly my dog knows more about intl finance than you!

Austine1213:
Somewhere in south africa

theenchanter:
shut up.... Paris club don't give loans, idiot! It just comprise of officials from various lenders, and their objective is to "negotiate" terms of debt repayemt between lenders and debtors....or debt forgiveness, if it goes that way.

All ur remaining rants are as inconsequential as ur blocked brain.
why are u disturbing ur own brain, my rafiki?

Austine1213:
Somewhere in south africa

Mkenya2019:
Paris club - is for bilateral loans - meeting of creditors to assist a struggling debtor like Nigeria. Public loans by rich countries taxpayers. They can forgive! They forgave Nigeria 18B dollars. IMF and WB sit as observers -pleading for poverty-stricken country's sake.

London club is private commercial loan.

TayserMahri:


When will you stop the wanton killings in SA?

Mkenya2019:
Has to be Pretoria.

TayserMahri:


unfortunately thechanter is not one of those sophisticated guys...he wont take the debate anywhere

Austine1213:
.

theenchanter:
I swear, this post doesn't make any sense.

Just tell me how d bolded made sense to u... Or is rvp's post reviewed at Harvard MBA?

kikuyu1:


Mvp, you advised a few pages back these negroes can't comprehend irony ir sarcasm.....
Look at THIS ishyt!? HAHAHA!!

rvp20182:
Always source is important. If it's Yemi Kale. Then I cannot feed on his propaganda. If the data is cross-verifiable - be my guest - and I will gladly congratulate your strongman Buhari...and ask him to open the borders for the floodgate of rice to come in.

TayserMahri:



The matter is the debt...we are way too smart to be distracted from the elephant in the room. Whether its Paris or Lyon or Alsace we just dont care.

theenchanter:
characteristics of a typical mad man!

obaaderemi:
You can verify it yourself or bring another source which proves Nigeria isn't Africa's number one rice producer. Until then, feed on that.

kikuyu1:


Mvp, you advised a few pages back these negroes can't comprehend irony ir sarcasm.....
Look at THIS ishyt!? HAHAHA!!

kikuyu1:


You're carried away by the likes of your mental twins! Your redundant posts aren't peer reviewed articles at Harvard MBA school but outtakes of juvenile ignorance liked by the inmates in this madhouse.
I also told you not to praise yourself: frankly my dog knows more about intl finance than you!

theenchanter:
it may be sarcasm to u but def not d audience.

Learn d skill of writing.

Mkenya2019:
Paris club - is for bilateral loans - meeting of creditors to assist a struggling debtor like Nigeria. Public loans by rich countries taxpayers. They can forgive! They forgave Nigeria 18B dollars. IMF and WB sit as observers -pleading for poverty-stricken country's sake.

London club is private commercial loan.

TayserMahri:


you sound very uneducated with the d's young man

Mkenya2019:
Open the borders- let see which rice wins. We know the Dangote like game. Block imports - make billions. That is North Nigerian new OIL well in Nigeria.

If you're producing rice - at such levels - why import restrictions and blockade of borders.

Nigerians are subsidizing Dangotes while they suffer...

theenchanter:
good... After u spent over 30mins on d internet learning d fact.

And u just regurgitated what I said.