Southcorp Capital Inc (STHC)

[crossball]

Ok, I will say something. First, effen doldrum. Second, I mentioned before China being the biggest lender to Sri. I wander/wonder if they are looking at the Cricket field and licking their chop sticks. Do they want some? wtfk. Complete darkness guesses.

https://www.aljazeera.com/features/2023/7/4/is-a-global-debt-bomb-about-to-explode
‘Design mistake’
The very design of the common framework is limiting its chances at success, these experts argue.

The framework follows the Paris Club’s step-by-step approach. The debtor country initiates a restructuring process, which is followed by an economic reform programme supported by the IMF. The country in debt fully discloses all of its loan commitments. Official creditors (foreign governments) and private sector creditors then offer comparable, if not matching, relief
Meanwhile, multilateral development banks like the World Bank or Asian Development Bank enjoy a preferred creditors status – meaning the repayment of sovereign debt to them takes precedence over other creditors.

China has demanded that this change and that multilateral development banks take haircuts during the debt restructuring process for Zambia and Sri Lanka, just like commercial creditors and foreign governments.


I gotta/wanna believe that Mark is fighting for a FAIR piece of the pie. wtfk