Debt to China overstated

117 Hits

Re: Samoa’s debt to China 

Some of the central bank reports can be found at https://www.cbs.gov.ws/inde...

If they are to be believed, total debt in 2013/14 was WST959.5m and as at the first quarter of 2017 a mere WST1,008.4m, or an increase of only WST48.9m in the past 3 years.

Chinese debt is reported to have increased from WST350.6m to WST398.3m over the same time frame.

Frankly, I find this difficult to believe, with all of the projects that have taken place over the past few years.

Nevertheless, reports of Samoan debt seem to have been overstated.

 

K.H.

© Samoa Observer 2016

Developed by Samoa Observer in Apia