{"id":227399,"date":"2025-02-28T12:53:04","date_gmt":"2025-02-28T16:53:04","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=227399"},"modified":"2025-02-28T13:38:33","modified_gmt":"2025-02-28T17:38:33","slug":"pm-rejects-upp-claims-of-default-on-chinese-loans-for-airport-and-seaport","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/pm-rejects-upp-claims-of-default-on-chinese-loans-for-airport-and-seaport\/","title":{"rendered":"PM Rejects UPP Claims of Default on Chinese Loans for Airport and Seaport"},"content":{"rendered":"
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Prime Minister Gaston Browne has dismissed claims by the opposition United Progressive Party (UPP) that Antigua and Barbuda<\/a><\/strong> is behind on loan payments for the airport and seaport projects, calling the allegations “false and misleading.”<\/p>\n\n\n\n

Speaking in Parliament, Browne insisted that the government remains current on all its financial obligations to the Export-Import Bank of China (China Exim Bank) and denied suggestions that the country risks losing control of key infrastructure due to loan defaults.<\/p>

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\u201cI wish to state categorically that these claims are a figment of the opposition\u2019s imagination,\u201d Browne said. \u201cWe are fully up to date with all of our loan payments to China Exim Bank, and there is absolutely no risk of losing our seaport or airport.\u201d<\/p>

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The opposition has repeatedly questioned the government\u2019s management of external debt, particularly loans from China. Concerns have been raised about the long-term financial implications and whether the country\u2019s borrowing strategy puts national assets at risk.<\/p>\n\n\n\n

UPP officials have pointed to reports of other nations facing difficulties in repaying Chinese loans, leading to fears that critical infrastructure in Antigua and Barbuda<\/a><\/strong> could be used as collateral. However, the government has rejected such concerns as baseless speculation.<\/p>

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Browne reiterated that his administration is managing the country\u2019s debt responsibly and that China remains a key development partner. He argued that opposition claims were politically motivated and aimed at creating unnecessary public fear.<\/p>\n\n\n\n

\u201cWe continue to engage in prudent financial management to ensure that our debt obligations are met,\u201d Browne said. \u201cOur partnership with China remains strong, and we will continue to develop infrastructure that benefits the people of Antigua and Barbuda.\u201d<\/p>

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While the government maintains that the loans are being serviced on schedule, opposition members have called for greater transparency in financial reporting to ensure accountability in debt management.<\/p>

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CLICK HERE TO JOIN OUR WHAT\u2019S APP GROUP Prime Minister Gaston Browne has dismissed claims by the opposition United Progressive Party (UPP) that Antigua and Barbuda is behind on loan payments for the airport and seaport projects, calling the allegations “false and misleading.” Speaking in Parliament, Browne insisted that the government remains current on all […]<\/p>\n","protected":false},"author":12,"featured_media":214912,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-227399","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nAntigua Barbuda: Prime Minister Addresses Opposition Claims - Antigua News Room<\/title>\n<meta name=\"description\" content=\"Prime Minister Browne defends Antigua Barbuda against UPP claims of loan payment issues regarding airport and seaport projects.\" \/>\n<meta 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