China to loan Caribbean countries one billion dollars for infrastructure

Posted on September 18, 2011 • Filed under: Business, Caribbean, Economy, Politics

China announced on Monday it will provide $1 billion in loans to Caribbean countries to finance infrastructure projects as it deepens ties in a region historically linked with the United States. The loans will be made available through the state-run China Development Bank, China’s Vice Premier Wang Qishan told a meeting of Caribbean and Chinese officials in Port of Spain, capital of oil and gas producer Trinidad and Tobago. Read Article

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