On Monday 3rd April the Committee on Government Assurances (COGA) met with the Minister of Finance Dr. Peter Larose to follow up on promises made during his 2017 Budget speech.
The Committee’s focus was on the statement that banks will provide working capital for a small or new business.
According to Dr. Larose the project has not yet started due to a number of factors, primarily the consultations needed with key stakeholders have not yet taken place. He stated that by the end of April all those involved would have been consulted.
The Minister who was accompanied by his Principal Secretary Mr. Patrick Payet promised the Committee further update when the two sides will meet again in August.