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Old May 7th, 2019, 06:20 AM
Jangle Jangle is offline
Reggae Prime Minister
 
Join Date: Jul 2006
Posts: 17,564
Default End the nonsense about China Taking over Jamaica

It is obvious to us that signing the BRI is a step to retaining access to development loans from China, and we should look at it dispassionately and not with the usually misinformed hysteria about the Chinese taking over Jamaica.

Our debt to China represents approximately 3.9 per cent of the country's total debt and will be paid off in the next decade. The loans Jamaica has received from China have some of the lowest interest rates in the country's debt portfolio. Indeed, 90 per cent of the debt Jamaica owes to the Government of China through the China Eximbank is at two to three per cent. These loans also have less conditionality and are not intrusive in policy areas which are not strictly economic.
https://www.jamaicaobserver.com/edit...4?profile=1100
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Hey .. look at the bright side .... at least you're not a Liverpool fan! - Lazie 2/24/10 Paul Marin -19 is one thing, 20 is a whole other matter. It gets even worse if they win the UCL. *groan*. 05/18/2011.MU fans naah cough, but all a unuh a vomit?-Lazie 1/11/2015
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