Add St. Lucia News Online on Whatsapp +1758 712 6700; get major headlines and source us with news tips, photos, and videos

Finance minister says Jamaica owes China $79 billion

By Donique Weston

 Share This On:

(IRIE FM) — Jamaica owes china some $79 billion.

That figure was disclosed by Finance Minister Dr. Nigel Clarke at the launch of the Association of Chinese Enterprises in Jamaica (ACEJ) in Kingston on February 26.

Sixteen of Jamaica’s leading Chinese enterprises have joined forces to form the association.

Noting that Jamaica owes some $2 trillion, the Finance Minister said the amount owed to China is only 4% of the total debt.

Dr. Clarke also noted that China is an important bi-lateral financing partner.

CLICK HERE TO READ ORIGINAL ARTICLE

(0)(0)
This article was posted in its entirety as received by stlucianewsonline.com. This media house does not correct any spelling or grammatical error within press releases and commentaries. The views expressed therein are not necessarily those of stlucianewsonline.com, its sponsors or advertisers.

One comment

  1. Welcome to the Chinese cash trap to own properties around the world eventually owning it. Be weary the Chinese are taking over the world slowly.

    (0)(0)

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.