Wednesday, June 10, 2009

POORLY FINANCIALLY MANAGED CARICOM COUNTRIES GET MORE FREE MONEY, EVEN THOUGH HEAVILY IN DEBT.

Caricom grants coming to Belize by June 26th, 2009.

GEORGETOWN (CARICOM HQ)- Caribbean Community (CARICOM) states are to begin drawing down on grants, interest free subsidies and concessionary loans from the newly-established CARICOM Development Fund (CDF).

In this regard, a three-member delegation, led by Ambassador Lorne Mc Donnough, the CDF's chief executive officer, will visit Antigua and Barbuda, Dominica, Grenada, St Kitts and Nevis, St Lucia, St Vincent and the Grenadines, Guyana and Belize, which are among the first group. The visits must be completed by June 26, 2009.

Mc Donnough is a former Jamaican foreign service officer who served in the USA as DCM and Trinidad as Ambassador.

WHERE IS THIS MONEY COMING FROM?

No comments: