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Jul 6, 2016

Courtenay Says Trust is for Non-government Organizations, Not G.O.B.

Eamon Courtenay

At his press conference last week, Prime Minister Barrow claimed sweet victory and vindication on one particular point of the settlement – a claim that G.O.B. will have total access to sixty percent of the entire award, the portion paid for the Accommodation Agreement. According to the P.M., that money will be used to pay for G.O.B. projects and will make up in large part for the shortfall caused by the depletion of Petrocaribe monies. Courtenay says that’s not entirely accurate.

 

Eamon Courtenay, Senator, People’s United Party

“When you look at the settlement agreement signed by the Prime Minister, it says that the money is going to go into a trust. That trust is a charitable trust. That trust is set up to assist non-government organizations. That is what it says – for charitable purposes. But the Prime Minister said in his press conference that when he passes the budget, Cap Two projects and Cap Three projects – they are going to make applications to the trust for it to be funded. The trust specifically says non-governmental organizations, so I don’t see how the Prime Minister can go to that trust and ask the trust to fund the government. That seems to me to be fundamentally wrong for the government having to go to a trust to ask a trust that it doesn’t control for permission to spend money that it has paid to the trust. I think it’s a bad decision.”

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