Friday, February 21, 2020

Why Does The Solomon Islands Want A $100 Billion Loan From China? And How Can They Repay It?


ABC News Online: Solomon Islands discussed $US100 billion loan from Chinese businessman, according to leaked letters

Documents leaked to the ABC reveal the Solomon Islands Government discussed a $US100 billion ($151 billion) loan from a Chinese businessman — an amount of money almost 77 times the Pacific nation's GDP.

Solomon Islands Finance Minister Harry Kuma has confirmed that the leaked letters showing him in discussions about a possible loan are authentic.

"Yes, the letters are real," he told the ABC in a message.

"I am, however, disappointed that I have not received an [advice] on the proposal from my officers when the matter was put on trial in the media."

Read more ....

WNU Editor: The Solomon Islands Finance Minister wanted to receive an 11% commission for negotiating this deal. Beyond the greed of one finance minister, to say this entire discussion is insane is an understatement.

9 comments:

Anonymous said...

This is not because Solomon Islands needs money, this is because China needs the Solomon Islands. The deal is pretext. They will (on purpose) not be able to repay the deal. China will grab the Solomon Islands. Without war. By "law", thanks to the corruption of the people involved, especially the guy who wanted 11%.

Smells like high treason all around.

Anonymous said...

$100 billion load?

It is a load alright. China is about give them a load of excrement.

Anonymous said...

Not only would such an acquisition serves as part of the 3rd string of pearls (outer defense line, but it would interdict the SLOC between American and Australia.

Having the ability to interdict the SLOC from Day one makes would make it very easy for a slut to bend the knee.

War News Updates Editor said...

Spelling mistake corrected. Load to Loan.

Unknown said...

Let the Chinese buy it & the US Navy,Army & Marines seize it like they did in 1942. That'll p155 on their cornflakes 🖖😉

Anonymous said...

I knew you would correct it. The misspelling suggest a way to have fun and make a point about Chinese hegemonic efforts.

Myself, I am afraid to even look at the Cyrillic alphabet much less spell words in Russian. Some of the letter are backwards compared to what I am use to.

Anonymous said...

Fun at Chinese imperialist expense.

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