PM seeks funds from Morocco and Qatar to complete new secondary school

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Construction site for new school

Prime Minister Gaston Browne has said his trip to the Kingdom of Morocco recently was to secure funds to complete the New Secondary School at Tomlinsons.

Browne told a radio interview moments ago that the African nation agreed to make “one million US dollars available in two weeks.”

He also revealed that a request was made to the government in Qatar since his government is “short of money” to complete the new secondary school.

“I am hoping that we will get the equivalent of US$ 2 million from them to complete that school.”

The school is being constructed from a EC$ 9 million loan obtained through the Caribbean Union Bank.

“The 9 million was never enough and we knew we had to raise some more funds.

The prime minister and minister for finance was being criticized by Observer Radio callers for going to Morocco for money even with the success of the Citizenship by Investment Programme.

But the Prime Minister said while the CIP pumped 1 billion dollars into the economy only about 200 million of this was collected by the government.

He said the government will do what it must to complete the school in time for September.

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4 COMMENTS

  1. Where did the rest of the 1 billion dollars go? Was the rest CIP funds in kind? I am not an economist or financial person , so someone please explain. Borrow, borrow and na pay back will land us in a recession again while the US and other parts of the world booming and excelling economically. Chips.

    • GO the CIP website. There you will see a link entitled reports. It provides a detailed breakdown on how the moneys have been spent

  2. One billion dollars done in less than 3 years since in power. Where did the money gone? I have not seen the country infrastructure improved. Other than paying down on old debt and pay wages and salaries, where can all that money disappear to soooooo fast in this small economy. Lord Jesus help us all. Borrowed, borrowed, borrowed will only increase the nation debt. Is this another failed state?

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