上海419论坛,上海龙凤419,爱上海 – Powered by Teri Savorn!

OECS governments seeking US$115 million from Trinidad

first_img Share Prime Minister of Dominica, Roosevelt SkerritPrime minister Roosevelt Skerrit recently announced that OECS governments are seeking US115 million from the government of Trinidad to assist in refunding Caribbean nationals who lost their investments with the collapse of the Colonial Life Insurance (CLICO) and the British American Life Insurance (BAICO) schemes.CARICOM heads met in Guyana last week at the 23rd inter-sessional meeting and discussed several pertinent issues affecting member states. The Dominican leader told DBS News on Tuesday that one of the critical areas which “remain an active item on the agenda” is the collapse of CLICO and BAICO and finding means to repay the investors into these insurance schemes.“Since they [CLICO/BAICO] collapsed regional governments have been working tirelessly even if we cannot recoup the full amount of the people’s investments but at least a portion of it would be invested”.Skerrit explained that OECS heads conducted a “separate brief bilateral meeting” with Trinidad while in Guyana with a view to raising US$115 million from that government to assist with repaying investors of the CLICO/BAICO schemes.“We’ve been seeking to raise US$115 million from Trinidad to help the OECES address the issue with regards to CLICO/BAICO. We’ve gotten some kind of commitment but we have not been able to identify with Trinidad the full amount of US$115 million”.According to him, the Trinidad government has agreed to “about $74 million”, however there is “need to further engage them” with a view to reaching the full amount required.He noted however, that the regional government will also contribute “about $75 million to create a special fund in an effort to assist the people”. Two other issues discussed at the meeting in Guyana were the “restructuring and repositioning the CARICOM Secretariat” and crime and security.The regional heads, Skerrit explained, have authorized CARICOM’s secretary-general Irwin LaRocque to recruit a team of agents with a view to “strengthening of the corporate functions of the Secretariat”. Dominica Vibes News Sharing is caring! Share 13 Views   no discussionscenter_img Tweet LocalNews OECS governments seeking US$115 million from Trinidad by: – March 13, 2012 Sharelast_img

Leave a Comment

Your email address will not be published. Required fields are marked *