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(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.