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Tonga considers China offer to turn $60 million loan into grant
Marianas Valley ^ | June 27, 2011

Posted on 06/26/2011 11:48:22 AM PDT by Mount Athos

Tonga is considering an offer from China to change a huge loan into a grant.

China provided more than $60 million three years ago to help pay for the rebuild of the capital, Nuku’alofa, which was destroyed by riots in 2006.

Lawmakers are now trying to trim the budget as Tonga confronts a multi-million dollar deficit while also contemplating how to meet annual repayments of nearly six million dollars from 2013.

The deputy prime minister, Samiu Vaipulu, has told parliament China has offered to make the loan a grant.

Radio New Zealand’s correspondent in Tonga, Mateni Tapueluelu, said many Tongans fear the trade-off will be easier access for Chinese wanting to settle in Tonga.

“That is not a very beautiful option given the fact we have had complaints from local Tongan communities being overcrowded by Chinese competitors, so either way it is not going to be an easy decision for Tonga,” said Tapueluelu.


TOPICS: Foreign Affairs; News/Current Events
KEYWORDS: china; tonga

1 posted on 06/26/2011 11:48:25 AM PDT by Mount Athos
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To: Mount Athos

God save the Kingdom. China has been dropping money throughout the Pacific for years... =/


2 posted on 06/26/2011 12:06:47 PM PDT by Experiment 6-2-6 (Admn Mods: tiny, malicious things that glare and gibber from dark corners.They have pins and dolls..)
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To: Mount Athos

“trade-off will be easier access for Chinese wanting to settle in Tonga”

China is settling the world. Make no mistake, they plan to dominate this planet.


3 posted on 06/26/2011 12:08:29 PM PDT by Christian Engineer Mass (25ish Cambridge MA grad student. Many conservative Christians my age out there? __ Click my name)
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To: Christian Engineer Mass
China is settling the world. Make no mistake, they plan to dominate this planet.

Here is a picture of their landing craft...


4 posted on 06/26/2011 12:14:27 PM PDT by Last Dakotan
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To: Mount Athos
China provided more than $60 million three years ago to help pay for the rebuild of the capital, Nuku’alofa, which was destroyed by riots in 2006.

Gotta love it. At least the American taxpayer didn't fund it.

5 posted on 06/26/2011 1:56:00 PM PDT by Oatka ("A society of sheep must in time beget a government of wolves." –Bertrand de Jouvenel)
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