Lmst

New entry of AI-generated #comics and #jokes added to our #website:

comics.lucentinian.com/7061
#AIGeneratedJokes #AILaughs #AIJokes #DailyJokes #AIComedy

$16 BILLION FTX repayments start Feb 18th! 🚀 Bullish signal for crypto IMO. #FTX #Crypto #Repayments #Bitcoin #Bullish

Important to avoid burdening #worker #cooperatives with #debt. #Private #enterprises often have large debt #repayments eating into #revenues. It is a #vulnerability. Competing against that kind of #enterprise without debt is an advantage. Watch now: https://buff.ly/44FEwyf

#Adesina criticizes #opaque #loans linked to #Africa's #resources

The head of the #African #Development #Bank is calling for an end to loans given in exchange for the continent's #rich #oil #reserves or essential #minerals used in #smartphones and #electric car #batteries.

This type of #borrowing has plunged many #African #countries into a #financial #crisis.

“They're just bad, first and foremost, because you can't value assets properly,” #Akinwumi Adesina said in an interview with The Associated #Press in #Lagos, #Nigeria, last week.

"If you have #minerals or #oil under the ground, how do you find a #price for a long-term #contract? It's a challenge," he explains.

Linking future revenues from #natural #resource #exports to loan #repayments is often presented as a way for recipients to obtain f#inancing for #infrastructure #projects and for lenders to reduce the #risk of not getting their money back.

The shift to #renewable #energy and #electric #vehicles has caused a spike in demand for essential minerals, which favors this type of lending. The agreement between #China and the #Congo illustrates this well. Beijing thus exploits the world's largest #reserves of #cobalt, a mineral used to #manufacture #lithium #batteries.