The Financial Collapse of 2001 Unwinding Message Board

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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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To: robert b furman who wrote (5769)	6/23/2020 4:12:19 AM
From: elmatador	Read Replies (1) of 13800

Hi Bob, Here things are going well. Africa is reopening in Slo Mo. Covid sparing the Africans but killing the economy. Governments decided to toe the line of the WHO in order to get money for testing and other types of assistance. But their ultimate goals were to get debt relief and new money. The views of the IMF and the World Bank were that if that new money come, immediately it would go out to China to pay for their debts. Thus these westerner institutions have been careful in sending in new money. The good thing is that the crisis unleashed by Covid will force African countries to reform their legal framework to attract private investment. It is not something that will happen in one year but that will start showing results in the next 5 years or so. The westerns, happy to see the Chinese influence in Africa waning will support that.

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