During today’s sitting of Parliament, Prime Minister Philip J Pierre will do the following borrowing:
1)$10 Million US
2)$80 Million EC for the National Lotteries Authority: He did this a few weeks ago, why is he coming back with this same loan? Something is fishy!
3)$64.1 Million EC in Government bonds
4)$477.3 Million EC in bonds and treasury bills will be reissued!
This means that Philip J Pierre would have borrowed more in the first 5 months of 2024 than he did for the whole of 2023!
(In 2023 he borrowed $380 Million!)
A Troubling Choice for Saint Lucia’s Sovereign Wealth Fund
Prime Minister Philip J. Pierre’s recent revelation that Anse la Raye/Canaries MP Wayne Girard is the architect of Saint Lucia’s Sovereign Wealth Fund (SWF) should alarm every right-thinking citizen. Entrusting the management of our nation’s wealth to Girard raises serious concerns, given his past association with Freedom Bay, a failed hotel development project in Soufriere that reportedly defrauded British pensioners…
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by Content Manager