Tag Archives: European Union (EU) in Guyana

GUYANA: European Union flags downsides of Chinese loans; Gives More Sea Defence Grants

Mr. Javier Nino Perez

The European Union (EU) on Wednesday December 15, 2021 raised concerns about the pitfalls of borrowing from China to finance and build major infrastructural projects.

Deputy Managing Director for Americas, European External Action Service Mr. Javier Nino Perez, during a question and answer session at the University of Guyana, disagreed with those who say that China offers better conditions.

He said China would not invest or trade with countries and create a greater understanding of each other.  “The Chinese project is not as much as building something together as much as it is about seizing space, trade links, trade benefits infrastructure projects. This is one element that we have to keep in mind,” he said.          Continue reading

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