Post
Topic
Board Politics & Society
Re: Soliciting for help from other nations makes your country's debtors
by
Toosweet
on 07/02/2023, 20:38:27 UTC
I wonder most at times how other president of nations think before going to beg for help from other countries, many nations are in a big debts today because borrowing money from others nations to survive your nation but yet you cannot account for what you used that money for.

This has consumed many nations relationship with others and indirectly or directly becoming slaves to the nations they're indebted to. This is quite appalling because most nations economy is down trying to pay debts to other nations and at the same time still borrowing. God help us

President's borrowing from others nations is not entirely a bad ideas, since your country's cannot meet the required resources for infrastructures, town planning, national job awareness and lots more even electoral processes all require huge capital plan.

The only option which most countries have is to borrow from other nations and expect to pay back within the frames of binding agreement but what cause debts is that most leaders are self-centered and don't care because the loan do not cover him or she as an individuals but national debts so they end up miss managing the funds and keep the country indebted.