this article is a great example of disinformation through selective mention and leaving out all the important context. at the end, it tells us, china isn't extending the maturities on their 9bln!

well. Kenya has a total debt of almost 40 bln. Of that, the chinese part has fallen:

"The fall in bilateral debt reflects a drop in obligations to China, from a peak of US$7bn in 2021 to US$6.6bn at end-2022, as amortisation outpaced new borrowing." [1] a DROP. translation: china financed investments that make kenya money. also 7, not 9. also, bloomberg is gaslighting you.

the rest of the debt is to the IMF, World Bank, the US; the majority of the debt is to international organizations:

"Debt owed to multilateral sources jumped from US$13.7bn in 2020, to US$17.9bn in 2022".[1] translation: owed to the international financial system, i.e. the dollar-baaed neocolonial system. this systen never, ever forgives debt. also, this is not debt that makes them money. the imf debt accumulates with interest upon interest and fees like an american's student loans. it snowballs instead of amortizing, keeping the recipient in a debt trap, i.e., what the us accusea china of doing, again ever so subtly in this article.

now the core, though. this is strategy. the US also has a debt problem, and is seeking to get its debt payments from the rest of the world to get out of its hole. the strategy is to pressure china to forgive its debt, to free countries.... not to develop or anything, but to shove their intl reserves TO THE US instead. this pressure is being applied across the board right now, where in effect, then, china would be paying off those third countries' debt to the US by giving them the money to do it and not asking it back.

posting it here insinuates that kenya might think about adopting btc to escape this. yes. worked for el salvador, but el salvador crucially escaped -the IMF- with it. That's why it's the IMF that throws a bucket of panic at ElSal.

[1] https://www.eiu.com/n/kenya-faces-a-potential-debt-repayment-crunch-in-2024/