{"id":250670,"date":"2025-09-22T05:52:00","date_gmt":"2025-09-22T09:52:00","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=250670"},"modified":"2025-09-22T08:34:34","modified_gmt":"2025-09-22T12:34:34","slug":"antigua-pm-says-paris-club-and-other-unfair-debts-will-remain-unpaid","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/antigua-pm-says-paris-club-and-other-unfair-debts-will-remain-unpaid\/","title":{"rendered":"Antigua PM says Paris Club and other unfair debts will remain unpaid"},"content":{"rendered":"
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Antigua PM says unfair Paris Club debts will remain unpaid<\/strong><\/p>\n\n\n\n

Prime Minister Gaston Browne <\/a>says Antigua and Barbuda<\/a> will not prioritize repayment of certain Paris Club debts, calling them unjust and insisting they will remain outstanding unless written down.<\/p>

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Speaking on his Browne and Browne Show<\/em>, Browne said the country still carries arrears, including old loans dating back decades, but some will not be settled under current terms.<\/p>

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\u201cWe do have a block of Paris Club loans that, unless we receive a write-down, those are not going to be a priority,\u201d Browne said.<\/p><\/blockquote><\/figure>\n\n\n\n

He cited two examples. The first involves a U.S. loan dating back more than 60 years to the construction of Antigua\u2019s <\/a>port under British colonial rule. Browne argued the liability should have been assumed by the United Kingdom, not the island.<\/p>\n\n\n\n

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\u201cWe have this outstanding loan dating back probably over 60 years when the port was first constructed by the Brits. We felt that it should have been a British government debt\u2026 And then we have this outstanding issue with the United States in which they have refused to settle the liability for the gaming litigation that we won at the WTO. So they\u2019re not paying us, and we have decided we\u2019re not paying them either,\u201d Browne said.<\/code><\/pre>\n<\/blockquote>\n\n\n\n
The second case involves a Brazilian debt that began at under $5 million but, with penalties and interest, has ballooned to $47 million. Antigua had reached an agreement with Brazilian authorities to settle at $4 million, but Browne said the Paris Club blocked it.<\/p>
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\u201cSo we said if we block it, then we\u2019re not paying. Those are going to remain outstanding for some time. And until such time as we feel justice, we have gotten justice to those debts, we\u2019re not paying. If some other administration can go and pay it, we\u2019re not paying it. I\u2019m sorry,\u201d he said.<\/pre>\n<\/blockquote>\n\n\n\n
Browne added that while his government is pursuing liability management measures to reduce the debt service ratio and restructure other obligations, certain debts will remain unresolved until Antigua secures fair treatment.<\/p>\n\n\n\n
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CLICK HERE TO JOIN OUR WHAT\u2019S APP GROUP Antigua PM says unfair Paris Club debts will remain unpaid Prime Minister Gaston Browne says Antigua and Barbuda will not prioritize repayment of certain Paris Club debts, calling them unjust and insisting they will remain outstanding unless written down. Speaking on his Browne and Browne Show, Browne […]<\/p>\n","protected":false},"author":3,"featured_media":218062,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-250670","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nAntigua PM Says Paris Club Debts Are Unjust - Antigua News Room<\/title>\n<meta name=\"description\" content=\"Antigua PM insists Paris Club debts will remain unpaid, calling them unjust and burdening the economy with unfair financial terms.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/antiguanewsroom.com\/antigua-pm-says-paris-club-and-other-unfair-debts-will-remain-unpaid\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" 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