Delegation From China’s EXIM Bank Begins Visit to Antigua and Barbuda

By: - March 20th, 2013

Above: Antigua (CJ Photo)

By the Caribbean Journal staff

A delegation from China’s EXIM Bank led by Vice President Zhu Hongji began a visit to Antigua on Wednesday.

The purpose of the trip is to observe the construction and status of projects currently being financed by the bank, according to Antigua’s government.

Zhu is being joined by a five-member delegation which will meet with Prime Minister Baldwin Spencer and other Cabinet members along with non-resident Ambassador David Shoul.

Zhu will also tour the construction of the new terminal at VC Bird International Airport.

The delegation includes Yuan Li, president of the China Civil Engineering Construction Corporation, which is carrying out construction at the airport.

“We are delighted that we have been able to close this loan agreement with the China EXIM Bank that was entered into by the former administration some 15 years ago,” Spencer said in a statement. “Last month, we made the final payment of 2.2 million RMB on the loan.”

That is approximately $345,021 USD.

“We will continue to work with the China EXIM Bank which has demonstrated that it is a true friend of Antigua and Barbuda and we are looking forward to the completion of the new airport terminal which is the latest project being funded by the EXIM bank,” Spencer said.

Antigua

Former Cayman Premier Returns for Further Police Interviews

Above: Former Cayman Islands Premier McKeeva Bush By the Caribbean Journal staff Former Cayman Islands Premier McKeeva Bush, who was arrested in connection with corruption allegations in December 2012, returned for further police interviews on Tuesday, according to a statement from the Royal Cayman Islands Police Service. Bush, along with an unnamed man who was […]

Antigua

Montserrat Begins Geothermal Drilling

Above: the drilling rig in Cork Hill (Photo: PWD) By the Caribbean Journal staff Montserrat officially begun drilling for geothermal energy on Sunday, the government announced. After resolving “a couple of last minute mechanical issues,” the drilling began in Cork Hill on the first of two production wells in Montserrat. Iceland Drilling Company is doing […]

Antigua

Haiti, Latin American Officials Hold Talks on Energy Sector

Above: Port-au-Prince (CJ Photo) By the Caribbean Journal staff Haitian officials were joined this week by members of the Latin American Energy Association for talks on the country’s energy sector. Haiti Prime Minister Laurent Lamothe led the working meeting, joined by Minister Delegate to the Prime Minister for Energy Security, Rene Jean Jumeau and General […]

Dominican Republic Wins World Baseball Classic By Defeating Puerto Rico

 Above: the Dominican Republic By the Caribbean Journal staff The third meeting between the Dominican Republic and Puerto Rico in this year’s World Baseball Classic proved to be rather similar to the first two. Led by first baseman Edwin Encarnacion, the Dominican Republic beat Puerto Rico 3 to 0 to win the World Baseball Classic […]

Haiti: Small Businesses Launch "Road Show" Tour of US, Dominican Republic

 Above: Port-au-Prince (CJ Photo) By the Caribbean Journal staff A group of small businesses in Haiti are taking their show on the road as part of the Leveraging Effective Application of Direct Investment programme. The initiative, which is funded by USAID and implemented by the Pan American Development Foundation, involves a series of investment events […]

Waldorf Astoria Expands to Panama

 Above: the Dominican Republic By the Caribbean Journal staff The third meeting between the Dominican Republic and Puerto Rico in this year’s World Baseball Classic proved to be rather similar to the first two. Led by first baseman Edwin Encarnacion, the Dominican Republic beat Puerto Rico 3 to 0 to win the World Baseball Classic […]

Trinidad Energy Ministry, International Monetary Fund Hold Talks

 Above: the meeting in Port of Spain By the Caribbean Journal staff Trinidad and Tobago Energy Minister Sen. Kevin Ramnarine held discussions Monday with officials from the International Monetary Fund as part of the organization’s Article IV Consultation. The aim of the meeting was to inform the IMF of recent developments in Trinidad’s energy sector, […]