PORT-OF-SPAIN, Trinidad — China says it will provide up to $1 billion in loans to Caribbean countries to help bolster its economic relationship with the region.
Chinese Vice Premier Wang Qishan says he wants to see the implementation of more projects that focus on finance, infrastructure and tourism.
Guyana's government said that China has pledged to give the South American country $4.7 million.
China has stepped up its investments in the Caribbean as it seeks to win the diplomatic recognition of several countries there over rival Taiwan.
Wang made the announcement in Trinidad at a recent two-day China-Caribbean economic forum.
A Chinese delegation that traveled to the Bahamas before the forum pledged up to $5 million in funding for the island chain.
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