#CARIBBEAN: According to a report by #Dominica online, Six Caribbean countries are in a debt stranglehold of China. Reportedly, six Caribbean Small Island Developing States (SIDS) are among the top ten islands worldwide with public debt that is higher than their GDP.
#CARIBBEAN: According to data from 2020, Barbados is ranked first, with a 157% ranking, followed by Suriname, Belize, Dominica, Jamaica, and Antigua. The majority of this debt is owned by private creditors, with China being the largest creditor.
#CARIBBEAN: According to Jwala Rambarran, policy advisor for the Caribbean Policy Development Centre (CPDC), “Many Caribbean SIDS do not qualify for low-cost concessional financing from international lenders because of their middle-income status.2
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