The return of exceptionally dim Indiot.
- As part of CPEC, approximately $11 billion worth of infrastructure projects being developed by the Pakistani government will be financed by concessionary loans, with composite interest rates of 1.6%, after Pakistan successfully lobbied the Chinese government to reduce interest rates from an initial 3%.
- The concessional loans are subsidised by the government of China, and are to be dispersed by the Exim Bank of China and the China Development Bank. For comparison, loans for previous Pakistani infrastructure projects financed by the World Bank carried an interest rate between 5% and 8.5%, while interest rates on market loans approach 12%.
High interest rates??
First, you claimed it was all aid or alms like some delusional Indian.
Now you're taking issue with free market capitalism since all "red-blooded white American" hate capitalism.
Try to swallow the fact that India is the biggest beggar of USAID of the last 66 years.
More Indian than Indians themselves.
An Indian fantasizing about eating beef? Careful, you can get killed for that in India.