Tag: Suriname

Gold Mining Is Poisoning the Planet With Mercury

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Jeovane de Jesus Aguiar was knee-deep in mud in the 100-yard gash he had cut into the Amazon rainforest, filtering brown water out of a pan, when he found the small, shiny flake he was looking for: a mixture of gold and mercury. Mr. Aguiar had drizzled liquid mercury into the ground in his makeshift gold mine on the eastern edge of the small South American nation of Suriname, just as he had every few days. The toxic element mixes with gold dust and forms an amalgam he can pluck…

The U.S.-China Rivalry Is Complicating the World’s Debt Crisis

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Inside his capacious office, his tan curtains drawn against the tropical sun, the president of Suriname expressed sympathy with the striking teachers who were massing outside, taunting him while demanding higher wages. Three years of unmitigated catastrophe has destroyed spending power in this South American country — the result of global crises landing atop decades of profligate governance. Food and fuel prices have soared, worsened by Russia’s war on Ukraine. The national currency plunged, and the economy cratered just as the pandemic spread death and fear. “The heavy burden on…

In Global Slowdown, China Holds Sway Over Countries’ Fates

Chin@Strategy

BEIJING — When Suriname couldn’t make its debt payments, a Chinese state bank seized the money from one of the South American country’s accounts. As Pakistan has struggled to cope with a devastating flood that has inundated a third of the country, its loan repayments to China have been rising fast. When Kenyans and Angolans went to the polls in presidential elections in August, the countries’ Chinese loans, and how to repay them, were a hot-button political issue. Across much of the developing world, China finds itself in an uncomfortable…