China penalizes Haiti for maintaining relations with Taiwan
The countries that will benefit from this funding include Antigua and Barbuda, Dominica, Grenada, The Bahamas, Barbados, Guyana, Montserrat, Suriname, Jamaica and Trinidad and Tobago. These countries support the One China Policy. One China Policy of People's Republic of China refuses to recognize a separate entity by the name Republic of China. Taiwan is administered by this separate entity.
The countries that will not receive the concessional loan funding include Haiti, Nevis, St. Kitts, St. Lucia, St. Vincent and the Grenadines and Belize. These countries have been penalized by China for having ties with Taiwan.
Kamla Persad-Bissessar, Prime Minister of Trinidad and Tobago informed the press about this financial aid offered by Chinese President, Xi Jinping. This announcement was made by the Head of the State of People's Republic of China during a luncheon at St. Ann's Hilton Trinidad and Conference Centre. Prime Minister Kamla Persad-Bissessar attended the luncheon with Chinese President Xi Jinping.
She clarified that the USD $3 billion concessional loan assistance will be broken in two parts of $1.5 billion each. $1.5 billion USD will be for infrastructural projects and remaining aid will be for several other projects for various types of developmental work. She also said that Trinidad and Tobago has always supported the One China Policy and that she has no problems whatsoever with the decision made by His Excellency.
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