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May 4, 2015

P.U.P. Seeks Support for Repeal of Petrocaribe Loan Act

Francis Fonseca

As we reported last Tuesday, the People’s United Party has issued an ultimatum to the Barrow administration with respect of the Petrocaribe Loans Act.  The opposition is seeking a repeal of the contentious piece of legislation and is soliciting the support of its social partners in its effort to undo the law.  The P.U.P. held a spur-of-the-moment protest on Wednesday to coincide with the prime minister’s press conference at the Biltmore.  While that demonstration was timed to send a message to government, Fonseca told the media today that the initial phase of their campaign to cancel the Petrocaribe law has begun.


Francis Fonseca, Leader of the Opposition

“The first step in that process is sending this letter but we want as many people, as many of our partners, as many of the social partners, the businesses, the Chamber of Commerce to sign on to this letter.  We are seeking their support in sending this letter.  If we have to go at it alone we will.  So the first step is to circulate it to them, that is where we are now, to get, to have them look at it, to have them review it, get their input, perhaps they want to make amendments to the letter.  So that is the stage that we are at, once we’ve gotten that back and we’ve gotten some consensus and we know who will sign on and who won’t then we will proceed from there and the twenty-one days will start running from then.”


P.M. Barrow, on the other hand, has stated categorically that the Petrocaribe Loans Act will not be repealed.

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