. Earth Science News .
WATER WORLD
Tonga PM calls on China to write-off Pacific debt
by Staff Writers
Wellington (AFP) Aug 15, 2018

Tonga Prime Minister Akalisi Pohiva has called for China to write-off debts owed by Pacific island countries, warning that repayments impose a huge burden on the impoverished nations.

Chinese aid in the Pacific has ballooned in recent years with much of the funds coming in the form of loans from Beijing's state-run Exim Bank.

Tonga has run-up enormous debts to China, estimated at more than US$100 million by Australia's Lowy Institute think tank, and Pohiva said his country would struggle to repay them.

He said the situation was common in the Oceania region and needed to be addressed at next month's Pacific Island Forum summit in Nauru.

"We need to discuss the issue," he told the Samoa Observer in an interview published on Tuesday.

"All the Pacific Island countries should sign this submission asking the Chinese government to forgive their debts.

"To me, that is the only way we can all move forward, if we just can't pay off our debts."

Tonga took out the Chinese loans to rebuild in the wake of deadly 2006 riots that razed the centre of the capital Nuku'alofa.

Beijing has previously refused to write-off the loans by turning them into aid grants but did give Tonga an amnesty on repayments.

Pohiva said China now wanted the debts repaid.

"By September 2018, we anticipate to pay $14 million, which cuts away a huge part of our budget," he said.

Tonga's ability to pay has been further dented this year by another massive rebuilding effort in Nuku'alofa, this time after a category five cyclone slammed into the capital in February.

"If we fail to pay, the Chinese may come and take our assets, which are our buildings," Pohiva said.

"That is why the only option is to sign a submission asking the Chinese government to forgive our debts."

His comments come as Australia and New Zealand ramp up aid efforts in the Pacific to counter China's growing presence in the region.

Australia has raised fears in recent months Pacific nations' debts to China leaves them susceptible to Beijing's influence.

It has resulted in a race to win hearts and minds in the region.

Canberra recently announced plans to negotiate a security treaty with Vanuatu, while also funding and building an underseas communications cable to the Solomon Islands and Papua New Guinea.

Meanwhile, Chinese company Huawei has agreed to build PNG's domestic internet network with funds supplied by Exim Bank.


Related Links
Water News - Science, Technology and Politics


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


WATER WORLD
Easter Island defined by cooperation, not collapse, study suggests
Washington (UPI) Aug 13, 2018
Analysis of stone tools collected from Easter Island archaeological sites suggests a significant level of cooperation among Rapa Nui culture. Historians and archaeologists have previously blamed conflict and the mismanagement of natural resources on the decline of Rapa Nui society. But several studies suggest Easter Island society was sophisticated and resilient. "The idea of competition and collapse on Easter Island might be overstated," lead researcher Dale Simpson, an archaeologist fr ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

WATER WORLD
Nine dead including children as migrant boat sinks off Turkey: report

For wetter or worse: Philippine bride defies storm

Lombok quake sends shudders through tourist industry

Japan's crippled Fukushima plant stops selling souvenirs

WATER WORLD
UNH researchers find seed coats could lead to strong, tough, yet flexible materials

Rediscovering the sources of Egyptian metals

A new classification of symmetry groups in crystal space proposed by Russian scientists

France to set penalties on non-recycled plastic

WATER WORLD
Pacific Ocean's effect on Arctic warming

Expedition probes ocean's smallest organisms for climate answers

Half a degree less warming can avoid precipitation extremes

Does rain follow the plow

WATER WORLD
Scientists trace atmospheric rise in CO2 during deglaciation to deep Pacific Ocean

Ice sheets of the last ice age seeded the ocean with silica

The Arctic Carbon Cycle is Speeding Up

Concern for climate as Sweden's highest peak melts away

WATER WORLD
US jury orders Monsanto to pay $290mn to cancer patient over weed killer

Jurors mull 'day of reckoning' in Roundup cancer trial

Cultivated areas halve in Iraq as drought tightens grip

Glyphosate under fire from San Francisco to Sri Lanka

WATER WORLD
Typhoon Shanshan clips Japan coast, sparing Tokyo

Indonesia quake toll jumps to 164, survivors wait for aid

Rain-on-snow flood risk to increase in many mountain regions of the western US, Canada

Flash floods kill 37 in India's tourist hotspot Kerala

WATER WORLD
South Sudan president pardons rival, rebels: state radio

Three Congo soldiers walk free after 'mass murder' convictions

Canadian UN peacekeepers return to Africa after 24 years

Suspicion of electoral fraud revives ethnic tension in Mali

WATER WORLD
Chimpanzee foods are mechanically more demanding than previously thought

New light shed on the people who built Stonehenge

Modern Flores Island pygmies show no genetic link to extinct 'hobbits'

Homo sapiens developed a new ecological niche that separated it from other hominins









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.