Georgetown : A US$1.5B grant was announced by the Chinese Government, during a visit of that country’s President Xi Jinping to Port of Spain, Trinidad.
This was announced by President Donald Ramotar, shortly after Caribbean Community (CARICOM) Heads met with the Chinese leader at the Hilton Hotel in Port of Spain, for a luncheon.
“The Chinese Government has committed to give the region much more assistance, US$1.5B to help with some infrastructural work and US$1.5B in concessionary loans for the region, so I think China has demonstrated once again, its friendship to our region, and to help us to try to improve the quality of life for the peoples of our countries,” President Ramotar .
Guyana will be benefitting from this, and according to President Ramotar, efforts will be made shortly to identify how Guyana will tap into this facility.
Two years ago, the Chinese Government had pledged US$1B in preferential loans to support the local economic development of the Caribbean region when China’s Vice Premier Wang Qishan met CARICOM leaders in Trinidad and Tobago at a Business Conference of the third China-Caribbean Economic and Trade Cooperation Forum.
Focus was also on the training for no less than 2,500 Caribbean nationals and 30 at the post-graduate level to study in China, an early warning monitoring network for earthquakes and tsunamis.
Yesterday’s meeting between Regional leaders and the Chinese President was attended by Presidents of Trinidad and Tobago Anthony Carmona, and Suriname, Desi Bouterse, and the Prime Ministers of Barbados, Trinidad and Tobago, Jamaica, Dominica, Grenada, and other representatives of the Caribbean region.
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