US $3b. support
PORT OF SPAIN — CARICOM countries that support the People’s Republic of China’s One China policy, including Trinidad and Tobago, are to benefit from US$3 billion in concessional loans from that country.
Trinidad and Tobago, Jamaica, Suriname, Montserrat, Guyana, Barbados, The Bahamas, Grenada, Dominica, and Antigua and Barbuda support the One China policy, in which the People’s Republic of China does not recognise a separate entity called the Republic of China which administers Taiwan.
Belize, Haiti, St Vincent and the Grenadines, St. Lucia, and St. Kitts and Nevis maintain relations with Taiwan.
Prime Minister Kamla Persad-Bissessar informed the media of the latest financial assistance being offered by the President of the People’s Republic of China, Xi Jinping, after she attended a luncheon held at the Hilton Trinidad and Conference Centre, St. Ann’s, which featured an address from Xi while he was in T&T on a three-day State visit.
“President Jinping announced at the luncheon he will be contributing US$3 billion in concessional financing for the Caricom region, so we indeed thank him for that very generous gesture. US$3 billion for infrastructure projects – US$1.5 billion, and another US$1.5 billion for other kinds of development projects in the region,” Persad-Bissessar said.
The US$3 billion parting gift from Xi comes just days after United States Vice-Presi