Your article of Monday 23rd October entitled – Cook Islands seeks US loan to develop seabed mineral sector – reports that the Cook Islands is seeking a loan from the US International Development Finance Corporation (DFC), the implication being that government is seeking a loan to develop the seabed mineral sector.
is not the case. The DFC works through the private sector and not the sovereign
government in delivering its support. This is clearly articulated at
https://www.dfc.gov/who-we-are . The perception of increasing debt within the
context of economic recovery and related challenges can cause undue anxiety and
is demoralising. I urge that CINews is thorough in its journalism to ensure
that it is truly as solid as the islands you stand for.