{"id":36448,"date":"2019-06-06T10:02:39","date_gmt":"2019-06-06T14:02:39","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=36448"},"modified":"2019-06-06T10:02:39","modified_gmt":"2019-06-06T14:02:39","slug":"china-offers-lifeline-to-caribbean-economies-antigua-and-barbuda-ambassador","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/china-offers-lifeline-to-caribbean-economies-antigua-and-barbuda-ambassador\/","title":{"rendered":"China offers lifeline to Caribbean Economies \u2013 Antigua and Barbuda Ambassador"},"content":{"rendered":"
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Speaking on Capitol Hill, the home of the United States Congress in Washington, Antigua and Barbuda\u2019s Ambassador to the United States, Sir Ronald Sanders, declared that \u201cChina offers Caribbean countries a lifeline for development in the absence of others\u201d.<\/p>

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Ambassador Sanders told an audience representing the US Congress, the US Government, diplomats and businesspeople from the Caribbean and the US that \u201cwe would be ducking an important issue if we did not note the expressed unhappiness in some quarters by the presence of the Peoples Republic of China as a partner in the economic development of the Caribbean\u201d.<\/p>\n

But, the Antigua and Barbuda diplomat stressed that: \u201cWithout China\u2019s investment over the last decade, the Caribbean region \u2013 as in Latin America \u2013 would have stagnated, if not reversed\u201d.\u00a0\u00a0\u00a0Sanders explained that \u201ctypically, Chinese government loans are for 20 years at 2 per cent interest, and because of them, Caribbean countries have been able build infrastructure, such as seaports, airports, low cost housing, roads and schools\u201d.\u00a0\u00a0\u00a0\u201cNo other government, nor commercial or development bank offers such beneficial terms\u201d, Ambassador Sanders said.<\/p>

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Dealing directly with concerns that have been expressed by US government representatives about China\u2019s involvement in the Caribbean, Sir Ronald explained that \u201cCaribbean countries have welcomed Chinese investment, including loans from the Government of China, not because they wish to displace traditional friends or to diminish their valued relations, but because China offers a lifeline for development in the absence of others\u201d.<\/p>

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He continued by saying that: \u201cToday, the majority of CARICOM countries are stable democracies. but these conditions are only sustainable in conditions of sustained development\u201d.<\/p>\n

Ambassador Sanders was the lead speaker at the opening the Caribbean Legislative Week on Capitol Hill on June 5, kicking-off Caribbean Heritage Month in the US which attempts to focus attention on the region.<\/p>

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Speaking on Capitol Hill, the home of the United States Congress in Washington, Antigua and Barbuda\u2019s Ambassador to the United States, Sir Ronald Sanders, declared that \u201cChina offers Caribbean countries a lifeline for development in the absence of others\u201d. 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