Turkey is the only country in the world with no International debt and escape the Usury Cartel (IMF and its ilk)

This 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
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 Musharakah

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European and Gulf Arab countries invest but its ona equal ground , where no one is taking advantage of another, Both parties are equal at risk and it pushes spirit of entrepreneurism and making wise decision

Turkey developed enough that it can manufacture almost everything by itself, debt would will just speed it up, So you either take your time to reach your goals in on everything or reach your finish goal and be heavily indebted, we’ve seen foreign debt cripple otherwise healthy countries over over again
 
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
Kenya isn’t winning they’re balling someone else’s money.

It’s the equivalent of a worker using a payday loan, and only get to use a small portion of their paycheck because they couldn’t wait a week or those people who finance their furniture, in the end they never own the furniture and the financeers plan is to extract the most wealth out of you while they still keep their asset


it’s irresponsible and they’re constantly losing no matter how hard they work

Soon when Somali started to drill for natural gas off shore they’ll be able to fund their own projects without needing predatory debts
 
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What 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.
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
https://www.google.com/amp/s/www.al-monitor.com/originals/2020/12/turkey-gulf-qatar-became-second-biggest-foreign-investor.html?amp

 
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
https://www.google.com/amp/s/www.al-monitor.com/originals/2020/12/turkey-gulf-qatar-became-second-biggest-foreign-investor.html?amp

What the hell are you talking about?
This debt is specifically state issued bonds.
2 seconds of google search will show you this.

no oecd country is debt free nor will there ever be.
 

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