True some of the loans that landed borrowers on that blacklist are from other sources — such as the Higher Education Loans Board. No, it isn’t…”His argument, distilled to its essence, is that provided the economy keeps on growing at a rate that is well above the interest rate charged on the national debt then the national debt is a “trivial” concern. For many years past, our national loans were largely taken from multilateral lending institutions such as the World Bank and the African Development Bank; or from the EU nations, the US, and Japan. Such lenders invariably examined in great detail if indeed this loan would either be easy to repay in and of itself. Or else, whether the infrastructure created would generate so much economic growth that the increased national revenues would make the loan easy to repay.

Source: The Star May 02, 2019 00:56 UTC