Kenya’s President William Ruto is seeking $1 billion more in loans from China, despite rising public debt that has now reached $68 billion.
  • PugJesus@kbin.social
    3·
    11 months ago

    Because the actual important figure is % of GDP.

    Even that’s conditional. 50% of GDP as debt, as an example, is much more significant in a country where the GDP per capita is 2,000$, compared to 20,000$.