China’s modus operandi around the world mirrors events in Guyana Pt 1
Jul 16, 2017 , http://www.kaieteurnewsonline....ents-in-guyana-pt-1/
The story as to how this airport rose and fell is a dive into a quagmire of national politics, geopolitical manoeuvring, raw corruption, and the hunger of China to invest in massive infrastructure projects along.”- Forbes
Kaieteur News, in previous years, unearthed and exposed significant shenanigans of foreign companies and how they raped Guyana of its natural resources. This led to action taken by the APNU+AFC Party shortly after it came into office.
The Government tightened several areas for the protection of the nation’s patrimony. Efforts in this regard were commended.
But whilst it is true that the duty of a government is to protect the country’s human and natural resources; a government is only made up of human beings, not supernatural all-knowing creatures. So it is also true that the government may not always know the danger the country is facing.
With that in mind, when Kaieteur News heard of ExxonMobil and its modus operandi around the world, a decision was taken to enlighten ordinary citizens as well as politicians about who ExxonMobil really is. The research was detailed and the newspaper did a series called “What Guyana needs to know about ExxonMobil”. The country is still digesting the four articles within that exposé.
Like ExxonMobil, China has a patterned way of operating in various countries around the world. Again, Kaieteur News did its research and will over the next few days, present you with the facts on how countries are now, in local parlance, ‘feeling the squeeze’ as a result of blind partnership with China.
It is important to note that this newspaper is in no way anti-China, anti-ExxonMobil or anti-investment. This newspaper is pro-Guyana.
Kaieteur News finds it imperative that people pay keen attention to Guyana’s natural resources, with the aim of securing a bright future for the children and grandchildren of the future. Indeed, like the British oil expert, Dr. Perry Stanislaus pointed out, decisions made now will impact generations to come.
Guyana, like the rest of the world, is experiencing difficult economic times. That is why the country needs to pay keen attention to the management of its natural and financial resources.
Guyana already owes China US$152M. Indeed, this is a huge sum by Guyana’s standards. More money is to be disbursed from China to Guyana before the year is out. Therefore, the debt will be higher in a few months.
However, there are countries around the world that have racked up much larger debts with China. Countries like Sri Lanka, Angola, Nigeria, Sudan and several Caribbean jurisdictions owe China billions of US dollars and are struggling to repay. Forbes, BBC and other reputable media have reported on the “debt trap” that China has set for these countries.
Does Guyana want to find itself in such a trap? That fate has to be decided by the politicians.