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Debt & Doses: Trinidad & Tobago Borrows Money From China to Pay For Chinese COVID-19 Vaccines

Photo via Sinopharm.

Colm Imbert (photo), finance minister of Trinidad & Tobago (TT), revealed this week that one of the terms in a new $204 million loan contract with China permitted the small Caribbean island state to purchase COVID-19 vaccines.

The minister explained that the loan contract stipulated that a certain percentage of the deal would include TT purchases of “Chinese elements” – aka goods and services from China — which in this case was allocated to vaccines made by Sinopharm. The minister explained that TT will allocate $25 million of the loan to acquire vaccines from Sinopharm.

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