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Nov 22, 2017

Musa Says Taiwan & Venezuela Grants Would Have Settled Debt

Said Musa

According to Musa, the matter had been settled during his term in office and that government had indeed received funding from Taiwan and Venezuela that would have cleared the debt.

 

Said Musa, Former Prime Minister

“It was settled, as you know, by my government at the time, and indeed we had received grants from Taiwan and from Venezuela that would have paid off that debt completely at no cost to the Belizean people.  Yes, because I remember all that demonstration and thing and what not and even attempting to jail me, you remember that?  Charged for theft.  Imagine!”

 

Reporter

“Will you accept though, the original sin…”

 

Said Musa

“The original sin, we’re going back to Adam now?”

 

Reporter

“…the original sin of making a guarantee for private, P.U.P.-connected investors for a hospital which Belize still doesn’t own, a hospital built and is still is like a warehouse shed.  The structure is not a proper concrete edifice.”

 

Said Musa

“Well it was done at the time, since you want to go back into history, let’s look at the full history.  The debt was a debt of the Development Finance Corporation in the sense that the DFC had guaranteed the debt to the bank eventually.  The DFC was unable to pay UHS’ debt, so the government took it on as a responsible government, but not only did we take it on because the understanding clearly was and the agreement clearly was that we would eventually would have owned that hospital.”

 

In a release issued by the People’s United Party following the CCJ judgment, the opposition says, “in judgments ordered to pay by the CCJ alone, the Prime Minister and his government has brought liability upon the people of Belize in the sum of over six hundred and fifty million dollars, of which over three hundred million is comprised of interest, which could have been entirely avoided but for the Prime Minister’s reckless, wasteful and incompetent decision-making.”

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