In the aftermath of a report in Stabroek News that the PPP/C government is seeking a loan worth US$1.5b from China, former Finance Minister Winston Jordan has raised concerns about the debt load that the country could be saddled with.
In a letter in the November 8th edition of Stabroek News, Jordan said that the 2021 Mid-Year Report produced by the Ministry of Finance records the stock of public debt as US$2.905 billion.
This, he said, can easily rise to US$5.3 billion within a few years, if one were to factor in the proposed US$1.5 billion from China and the undrawn US$0.9 billion from the Islamic Development Bank.
