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Why apply for a US$1.5B loan from China given the abject failure of Chinese companies to execute projects here?

Nov 10, 2021 Letters

Dear Editor,

Kaieteur News – The Ministry of Finance must be pretty desperate to quote Freddie Kissoon as a judge of Winston Jordan.

Like the Bible, Freddie has a quote to please everyone. Back in 2014 he wrote that then Minister Ashni Singh’s “words were not only the ramblings of an ignorant mind, but a disgraceful manifestation of the abject failure that Guyana is.”

The ministry’s similarly rambling, intemperate and possibly libellous press release is a classic red herring to divert attention away from the primary issue: Why did the government apply for a $1.5B loan from China given the abject failure of Chinese companies to execute projects here? The minister should also consider the fact that the letter requesting the loan appears to have been leaked from his own ministry, suggesting senior civil servants have the same reservations.

Yours sincerely
Francis Newton

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