Honduras denies demanding $2.5 billion in aid from Taiwan before its announcement to seek to open relations with China, and Taiwan says China's role in Honduras is very obvious
Honduras Foreign Minister Eduardo Enrique Reina says interest rates were very high and"choking" Honduras, and the proposal was"related to finding a debt financing mechanism for [Taiwan] to buy [Honduran] debt."
Honduras Foreign Minister Eduardo Enrique Reina told Reuters new agency the $2.5 billion figure was "not a donation," but rather "a negotiated refinancing mechanism." Early on Thursday, Taiwan said it sees China's involvement in Honduras' decision to end relations with the island as very obvious and the situation does not look good, but it will work hard until the last moment.Castro tweeted on March 14 she had instructed the country's foreign minister to bring about the opening of official relations with China, though her government has yet to end ties with Taiwan formally.
Reina told the Reuters news agency on Wednesday that interest rates were very high and "choking" Honduras, and that the proposal was "related to finding a debt financing mechanism for [Taiwan] to buy [Honduran] debt."
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