China: Is there a US loan proposal on the table?

By LYNAIRE MUNNINGS

Tribune Staff Reporter

lmunnings@tribunemedia.net

THE Chinese embassy has challenged the United States to say whether it ever offered The Bahamas a competing loan for a new hospital, after the US criticised the Davis administration’s $195m agreement with Beijing.

“Is there a US loan proposal at all on the table?” the embassy asked in a statement released yesterday, describing American concerns as “baseless and absurd”.

The sharp response came days after US chargé d’affaires Kimberly Furnish said Chinese investments in the Caribbean “typically benefit elites, not the people”.

China dismissed the remarks and said its deal with The Bahamas came without political strings and at terms the US and others have yet to match.

“Can other countries provide loans to The Bahamas with terms as favourable as China’s?” the embassy asked, defending the hospital project as a response to the country’s healthcare needs, not geopolitical influence.

The diplomatic row follows the revelation that the government bypassed a British financing proposal earlier this year. The British High Commission told The Tribune the UK Export Finance had offered terms competitive with China’s, with the added advantage of compatibility with Western medical equipment and training systems.

UK officials said their proposal was well received, and that after delays in China’s offer, Prime Minister Philip Davis asked them to direct their pitch to the Minister of Health. But despite follow-ups, the Davis administration ultimately declined to pursue the UK funding route.

Director of Communications in the Office of the Prime Minister Latrae Ramming said yesterday the project was already too advanced by the time UK firms formally engaged, and reiterated the government’s position that China’s terms were “very favourable”.

He also responded to US criticism.

“We do not intend to get between the geopolitical fight of China and the United States,” he said. “The Prime Minister has been very clear that China has always been a partner in The Bahamas’ long-term economic development.”

The loan from the China Export-Import Bank will fund most of the $267m hospital, reduced from an initial $290m after a Chinese engineering review. It includes a 20-year repayment term at two percent interest with a five-year grace period. Officials say reinforced concrete will replace fire-resistant steel to reduce costs.

The facility — to be built on 50 acres in the Perpall Tract — will feature 200 beds, paediatric and maternal wards, intensive care units, emergency services, surgical theatres, diagnostic labs, and mass casualty infrastructure. Services currently housed at Princess Margaret Hospital will be shifted, allowing PMH to expand adult care.

Responding to claims the deal represented a “debt trap”, the Chinese Embassy said its loans account for only a small fraction of The Bahamas’ external debt and do not come with political conditions.

“The very Western countries that repeat the so-called ‘Chinese debt trap’ narrative are, in fact, the ones whose dominance of multilateral financial institutions and commercial lenders are the major creditors and sources of debt stress,” it said.

“China is a trustworthy friend and reliable partner of The Bahamas,” the embassy added, citing hospital projects in Trinidad and Tobago and Guyana as examples of cooperation that “involves no geopolitical calculations, seeks no spheres of influence, and imposes no political conditions.”

It called on the US to abandon “its outdated Cold War mentality and zero-sum game approach” and take “an open and inclusive attitude” toward China’s cooperation with Latin American and Caribbean nations.

Environmental approvals for the hospital have been secured. Site prep is expected to begin within weeks. The government says it is still negotiating labour terms, aiming for a 50/50 split between Bahamian and Chinese workers with hopes of increasing the local share.

Comments

ExposedU2C says...

The willingness of Nut-Head Darville and Puppet-PM Davis to be owned by the CCP and participate in this kind of ChiCom propaganda will undoubtedly have grave consequences for not only themselves, but for all Bahamians. Thank heavens I have two other passports because my Bahamian one could well soon be worthless for travel privileges to both the U.S. and Canada. Bahamians will soon be treated like the Cubans who cozied up to the ChiComs after their disastrous relation with Communist Russia.

Posted 15 July 2025, 11:01 a.m. Suggest removal

IslandWarrior says...

*** We’re not interested in your paranoia.*** Let’s put this to rest—once and for all.

While some continue to hurl childish insults, throw around racist tropes, and parrot Cold War talking points, the actual facts are now clear and on record. The Chinese Embassy has responded directly to the absurd allegations made by U.S. diplomats, stating—without ambiguity—that China’s cooperation with The Bahamas comes at the request of the Bahamian government, includes no political conditions, and imposes no spheres of influence.

The new $267 million hospital—requested by our government—is being funded with a long-term, low-interest loan from the Chinese Export-Import Bank. That is real development, backed by actual financing, negotiated in our national interest. And contrary to U.S. slander, this is not a “debt trap,” but a project aligned with the Global Development Initiative and South-South cooperation, which has already yielded model health infrastructure in Guyana and Trinidad and Tobago.

Let’s be blunt: while China builds hospitals, the U.S. threatens visas. While China finances roads, ports, and education, the West clings to paternalistic lectures and empty rhetoric. If the British wanted to step up, they should’ve done so before the deal was finalized—not after.

The Bahamas is not a playground for geopolitical insecurities. We are a sovereign nation. And we have the right—and the responsibility—to make decisions that serve our people, not Washington’s talking points.

So to those still screaming “ChiCom” from the sidelines while ignoring cruise lines siphoning profits offshore, private islands running tax-free, and foreign companies using our resources without reinvestment—your hypocrisy is the real insult to the Bahamian people.

This is not about China vs. the U.S.
It’s about Bahamian dignity, Bahamian development, and Bahamian independence.

We’re not interested in your paranoia.
We’re building hospitals.
Try doing the same.

Posted 15 July 2025, 11:06 a.m. Suggest removal

ExposedU2C says...

Yup, IslandWarrior is a shining example of the ChiCom's new AI age propagandist bots that now troll websites all over the internet. They can't even hide it ...... much too obvious. LOL

Posted 15 July 2025, 11:10 a.m. Suggest removal

tetelestai says...

How about you come with some real analysis - the same that IslandWarrior gave you - instead of throwing petulant, immature insults?

Posted 16 July 2025, 6:04 a.m. Suggest removal

ExposedU2C says...

Island Warrior has exposed itself as a ChiCom bot and only another ChiCom bot is capable of reasoning with it. Are you a ChiCom bot of Greek heritage? lol

Posted 16 July 2025, 2:07 p.m. Suggest removal

Porcupine says...

Don't talk about stuff you seem to know nothing about.
It wasn't the Chinese that put Cuba into the situation it is now in.
You're a fool if you really think so.

Posted 16 July 2025, 7:32 a.m. Suggest removal

ExposedU2C says...

When Communist Russia (old Soviet Union) went bust and could no longer provide financial support to the Castro Regime, the vacuum left was quickly filled by the ChiComs and their allies in South America like Venezuela. By the way, whose warships are often seen in Havana Harbor these days?

Posted 16 July 2025, 2:16 p.m. Suggest removal

ted4bz says...

You shouldn't dump your trash here

Posted 17 July 2025, 5:37 a.m. Suggest removal

IslandWarrior says...

> Thank you,China for your friendship.

Posted 15 July 2025, 11:08 a.m. Suggest removal

ExposedU2C says...

LMAO

Posted 15 July 2025, 11:11 a.m. Suggest removal

quavaduff says...

Have you been exposed to have China Derangement Syndrome .... CDS?

Posted 15 July 2025, 3:12 p.m. Suggest removal

ExposedU2C says...

I think you mean Communist Derangement Syndrome. And we had all better catch it before it's much too late to do anything about the dire consequences it inflicts on a nation and its people.

Posted 16 July 2025, 2:20 p.m. Suggest removal

SP says...

Why would China and the Bahamas waste time responding to U.S. Claims?

It is common knowledge that World Bank and IMF loan debt traps always come with ridiculously high interest rates, geopolitical strings, U.S. corporate influence peddlers, and a quagmire of politically compromising conditions.

Africa has also gotten wise and is now ditching western loan institutions like the plague after suffering decades of high interest IMF and World Bank debt trap deals with crippling austerity measures, and forced national corporate privatizations.

The chaos rocking Kenya right now is a prime example of the damage U.S. lending institutions leads to.

Congratulations PM Davis for not falling "further" into the US debt trap!

Posted 15 July 2025, 9:16 p.m. Suggest removal

IslandWarrior says...

School them 'SP'

Credulous” is far too generous a word for individuals like ExposedU2C, need your schooling and who, lacking even a rudimentary grasp of global affairs, retreat behind a veil of cowardice—parading not just ignorance, but a wilful rejection of truth, dressed in the false confidence of borrowed rhetoric.

Posted 15 July 2025, 9:34 p.m. Suggest removal

tetelestai says...

Exposed is a clown, who has more in common with birdie. I would ignore him/her.

Posted 16 July 2025, 6:05 a.m. Suggest removal

ExposedU2C says...

Rather be a him or her than an "it" bot. lol

Posted 16 July 2025, 2:21 p.m. Suggest removal

Porcupine says...

Yes, exposed is a clown.
But, while we are arguing about the merits of the US and China, who is watching the hen house?
Are not the culprits of our woes not in the House of Parliament in Nassau?
Why is The Bahamas continuing to borrow more and more money?
Why these large sums?
Is there more to it?
What happened to us that we are flat broke and we always need to borrow more money?
Why is every State Owned Enterprise broke? Did the Chinese do this to us?
Are these guys at the PLP top skimming?
A no-brainer, yes?
Why is nobody talking about these odious debts we are shackling our kids with?
These seemingly obvious questions are ignored, while we are arguing amongst ourselves about the merits of borrowing more money from foreigners.
Davis and Co. must be very happy about this.
Nobody will sink this country like we will do, and then blame it on someone else.
Like we always do.

Posted 16 July 2025, 7:43 a.m. Suggest removal

ExposedU2C says...

.....

Posted 16 July 2025, 2:24 p.m. Suggest removal

Dawes says...

Why do both sides in the above argument think their side is only doing it for an altruistic reason. Thye both are doing it for their own geo-political reasons. There are strings attached to whichever side you chose. All you have to hope is we chose the right side of the two.

Posted 16 July 2025, 9:06 a.m. Suggest removal

Sickened says...

Excellent points.
Next July we will have a surplus (HA, HA) so we won't need to borrow as much going forward. Well that is the dream at least.

Posted 16 July 2025, 9:51 a.m. Suggest removal

ExposedU2C says...

Unlike most of our horribly corrupt and greedy politicians, as a Bahamian I've always been and will always be on the side of the Bahamian people. They deserve to be called out every time they cross the line and harm us. Cozying up to the ChiComs invites the ire of the U.S., and I can assure you that is not a good thing for our small nation and Bahamians going forward.

Posted 16 July 2025, 2:28 p.m. Suggest removal

SP says...

You really need to emancipate yourself from U.S. mental slavery, the world is much bigger than the United States of Israel!

The Bahamas is a sovereign nation. We have the freedom and the right of choosing with whom we trade.

Posted 16 July 2025, 8:16 p.m. Suggest removal

Porcupine says...

All true!

Posted 17 July 2025, 8:37 a.m. Suggest removal

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