{"id":110104,"date":"2020-05-05T18:23:49","date_gmt":"2020-05-05T22:23:49","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=110104"},"modified":"2020-05-05T18:23:49","modified_gmt":"2020-05-05T22:23:49","slug":"upp-claims-govt-has-not-been-truthful-about-the-countrys-finances-as-one-of-the-reasons-for-not-participating-in-erc","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/upp-claims-govt-has-not-been-truthful-about-the-countrys-finances-as-one-of-the-reasons-for-not-participating-in-erc\/","title":{"rendered":"UPP Claims Gov\u2019t Has Not Been Truthful About The Country\u2019s Finances As One Of The Reasons For Not Participating In ERC"},"content":{"rendered":"
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For the record, and in the interest of clarity, the Hon. Jamale Pringle, Leader of the Opposition, and the United Progressive Party (UPP) hereby explain to the media and to the public our reasons for not participating in the Economic Recovery Committee (ERC) chaired by Prime Minister Gaston Browne.<\/p>

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On May 1, MP Pringle publicly indicated a willingness to set aside his earlier decision not to serve on the ERC.<\/p>\n

He asked for two concessions by the Prime Minister, the first of which was immediately made the object of ridicule, via social media, by PM Browne.<\/p>

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Apart from that obvious demonstration of bad faith, MP Pringle and the Party agree that several other factors militate against our meaningful participation in the ERC:<\/p>

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1. According to Junior Minister of Finance Lennox Weston, the Government has already conceived a three-point plan for economic recovery. In addition, it has at its disposal the sum of $500 million with which to effect its plans.<\/p>\n

2. The Government is unwilling to give a truthful account of the country\u2019s finances. The Prime Minister repeatedly quotes figures and statistics that vary depending upon his audience.<\/p>

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\uf0b7 What was the true debt-to-GDP ratio when the ALP Administration assumed office in 2014: Was it 94% or 104%?
\n\uf0b7 What is it now?
\n\uf0b7 What is the true quantum of our borrowings? Are these payments up to date?
\n\uf0b7 The IMF Article IV Report, for the past six years, has remained hidden from the population. This has prevented the Nation from accessing any independent verification of the statistics furnished by this Administration.<\/p>\n

It is unhelpful to simply vilify the IMF and World Bank and accuse these institutions of attempting to portray the Administration in a bad light because they are jealous of the country\u2019s success.<\/p>

\"\"<\/a><\/div>\n

3. The public is also unaware of the true state of the country\u2019s income and savings.
\n\uf0b7 Why is this Administration unwilling to open the books on NAMCO, the National Housing & Urban Development, Caribbean Union Bank (CUB), or West Indies Oil (WIOC), for example?
\n\uf0b7 In the absence of audited statements being supplied to the public, how will the ERC be guided?<\/p>

\"\"<\/a><\/div>\n

4. The Prime Minister is Chairperson of the ERC and each sub-committee is headed by a member of the Executive (Cabinet).
\n\uf0b7 Who, or what body, will ensure implementation of any recommendations from the ERC?
\n\uf0b7 And to whom will the ERC report, ultimately, in the interest of transparency and accountability?
\nGiven these stated realities, we believe our efforts would be better appreciated in another forum in which The People, themselves, can play a meaningful part. Accordingly, we have already begun to share our recommendations with the public.
\nIn the further interest of The People, the UPP will continue to demand from this Administration truth, transparency, fairness, equality and accountability at all times \u2013 especially now, when our Nation\u2019s very survival depends on these.<\/p>\n

The UPP will fulfill this mandate and resist any efforts to manipulate its leadership whenever the Administration decides to include the Party as a matter of convenience.<\/p>\n

\"\"<\/a><\/div>","protected":false},"excerpt":{"rendered":"

For the record, and in the interest of clarity, the Hon. Jamale Pringle, Leader of the Opposition, and the United Progressive Party (UPP) hereby explain to the media and to the public our reasons for not participating in the Economic Recovery Committee (ERC) chaired by Prime Minister Gaston Browne. On May 1, MP Pringle publicly […]<\/p>\n","protected":false},"author":3,"featured_media":23480,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-110104","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nUPP Claims Gov\u2019t Has Not Been Truthful About The Country\u2019s Finances As One Of The Reasons For Not Participating In ERC - Antigua News Room<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/antiguanewsroom.com\/upp-claims-govt-has-not-been-truthful-about-the-countrys-finances-as-one-of-the-reasons-for-not-participating-in-erc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UPP Claims Gov\u2019t Has Not Been Truthful About The Country\u2019s Finances As One Of The Reasons For Not Participating In ERC\" \/>\n<meta property=\"og:description\" content=\"For the record, and in the interest of clarity, the Hon. Jamale Pringle, Leader of the Opposition, and the United Progressive Party (UPP) hereby explain to the media and to the public our reasons for not participating in the Economic Recovery Committee (ERC) chaired by Prime Minister Gaston Browne. 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