Turkeys policy for investments is that investors share the risk and profit with them, unlike a loan were the burden of risk is left with the debtor and they’re also burden with interest , it’s the Islamic banking concept of MusharakahThis thread is also horrible economic advice.
Having no debt is not an indicator of a good economy. You can have crazy amounts of debt and maintain a strong economy as long as the debt is managed.
If countries like Somalia take out debts, they need to invest it in infrastructure that will generate money to pay off the debt and then some.
For example, a 40 million dollar loan to build a world class airport is a decent investment. If managed correctly, the government will be able to consistently afford the repayments and then some.
The problem in Kenya for example is that the SGR isn’t such an investment and the Chinese are brutal with their loans. Meaning less time for Kenya to make a profit that isn’t happening
Kenya isn’t winning they’re balling someone else’s money.Well having debt is not that bad. The debts can be forgiven has we have seen in Kenya. How many times were their debt scraped? I can't count. Meanwhile they win .
Somalia is a desert. Aint nobody want that sh@t
The terms of those debts are not public , it’s almost all mutual risk investment between private investors on understood termsWhat is this nonsense?
Just because you don't have IMF debts doesn't mean you are debt free. Turkey has more than 200bn in national debt.
What the hell are you talking about?The terms of those debts are not public , it’s almost all mutual risk investment between private investors on understood terms
For example Qatar is the 2nd largest investor in Turkey
has invested $44 billion into turkey and that isn’t a interest loan, it’s in the most distilled sense, a mutual investment