![]() It refused at first to even join in multinational talks, negotiating separately with Zambia and insisting on confidentiality that barred the country from telling non-Chinese lenders the terms of the loans and whether China had devised a way of muscling to the front of the repayment line.Īmid this confusion in 2020, a group of non-Chinese lenders refused desperate pleas from Zambia to suspend interest payments, even for a few months. In the past under such circumstances, big government lenders such as the U.S., Japan and France would work out deals to forgive some debt, with each lender disclosing clearly what they were owed and on what terms so no one would feel cheated.īut China didn’t play by those rules. The loans boosted Zambia’s economy but also raised foreign interest payments so high there was little left for the government, forcing it to cut spending on healthcare, social services and subsidies to farmers for seed and fertilizer. The president’s chief economic adviser tweeted last month, “Salaries or default? Take your pick.” In Kenya, the government has held back paychecks to thousands of civil service workers to save cash to pay foreign loans. In Pakistan, millions of textile workers have been laid off because the country has too much foreign debt and can’t afford to keep the electricity on and machines running. Two of them, Zambia and Sri Lanka, have already gone into default, unable to make even interest payments on loans financing the construction of ports, mines and power plants. On top of that is the recent discovery that borrowers have been forced to put cash in hidden escrow accounts that push China to the front of the line of creditors to be paid.Ĭountries in AP’s analysis had as much as 50% of their foreign loans from China and most were devoting more than a third of government revenue to paying off foreign debt. And it’s draining foreign currency reserves these countries use to pay interest on those loans, leaving some with just months before that money is gone.īehind the scenes is China’s reluctance to forgive debt and its extreme secrecy about how much money it has loaned and on what terms, which has kept other major lenders from stepping in to help. The cultivar grows tall and produces dark green foliage and solid yield of purple-tinged buds.An Associated Press analysis of a dozen countries most indebted to China - including Pakistan, Kenya, Zambia, Laos and Mongolia - found paying back that debt is consuming an ever-greater amount of the tax revenue needed to keep schools open, provide electricity and pay for food and fuel. Midnight reaches full maturity and flowers in about seven weeks. It inherits its sweet and earthy flavor profile from the Fucking Incredible, according to the breeder. MIDNIGHT BY VANCOUVER ISLAND SEED COMPANY Midnight is a cross of The Black and Fucking Incredible created by Vancouver Island Seed Company. Presumably, Midnight has good yields as it was developed for commercial production. The buds are green and purple in coloring with a sugary coat of trichomes. Since the company keeps a tight lid on all information except the availability of Midnight, there’s little growing information available. ![]() ![]() 8% THC and 0.05% CBD, suggesting mitigated psychoactive effects in keeping with Tikun Olam’s pursuit of medicinal cannabis. ![]() Sources online say the strain has an earthy, blueberry scent and slightly herbal aftertaste. ![]() MIDNIGHT BY TIKUN OLAM The strains Israel-based breeder Tikun Olam used to created their version of Midnight are a secret known only to the company. With a name as mysterious and intriguing as Midnight, it’s no wonder two iterations of the strain exist on the cannabis market. ![]()
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