Debt to China overstated
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.