Delayed project completion dates, cost overruns, and encumbered raw material sourcing are some of the direct impacts that senior economists and government officials expect to see on China-led public works in the Caribbean, due to the COVID-19 pandemic.
A hotel. A highway. A port. The prime minister’s house. For Caribbean countries, one of the most visible, expansive, and expensive forms of Beijing’s engagement with the region is its financing of large-scale infrastructure projects.
China’s ambitious Belt and Road Initiative was first raised by President Xi Jinping in the last quarter of 2013. Six years later, China had signed 173 cooperation agreements with 125 countries and 29 international organizations.