Nicaragua is set to pay $2 billion in interest to China for the multiple predatory debt trap loans it has signed with the Chinese communist regime, the newspaper Confidencial reported Monday.
The interest payments, Confidencial stated, far exceed the amount loaned by China to the Central American country.
The communist regime of dictatorial couple Daniel Ortega and Rosario Murillo embraced China in 2022 shortly after cutting ties with Taiwan. Since then, the Ortega regime had Nicaragua sign agreements with China that have granted the Chinese communist regime significant control of the country.
Some of the agreements include a Free Trade…
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