Debt under the previous UPP administration is delaying government business with the Ex-Im Bank of China

The government says a pile-up of debt under the previous UPP administration is delaying approval of Antigua and Barbuda’s application for a loan from the Ex-Im Bank of China.

The funds have been earmarked for the redevelopment of the country’s port facilities.

But Prime Minister Gaston Browne told the media on Monday that approval on the US$97 million loan is facing some delay as a result of arrears that were allowed to pile up by the previous government.

Prime Minister Browne however feels assured that the Government will indeed be successful in securing the funds which are necessary for the startup and ultimate completion of the port expansion.