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Entebbe airport revenues are deposited in an escrow account where all withdrawals have to be sanctioned by Exim Bank and any dispute arbitration or court proceedings is to take place in China under Chinese law, according to @Reuters.
An @AidData report revealed that 44% of loans from Chinese state-owned lenders was collateralised to the end of 2017, and that banks often require borrowers to maintain a minimum cash balance in an offshore bank account that the lender itself controls.https://www.ft.com/content/297beae8-7243-4d93-9fac-09e515e82972 …
However, @AidData executive director Brad Parks warned against the “media myth" that Chinese commercial and policy banks tend to collateralise on physical assets across the Belt and Road. The latest research suggests that the collateralisation of liquid assets is most common.
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