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UDP Senator Says Bundle Of Loan Motions Proves GOB's Financial Insecurity
Mon, February 10, 2025
Turning back now to the senate, Another debate on Friday was sparked by the bundle of loan motions - 16 to be exact. 10 of them were loans from Taiwan that were received years ago and should have been repaid, except back in 2021 the government asked for an extension. A little over three years later, they came back to ask for another one. UDP Senator Michael Peyrefitte rose to express his concerns about the glaring issue.

Michael Peyrefitte, UDP Senator
"As a voracious consumer of all different types of puddings, there's hardly a saying that I like more than the proof of the pudding is in the eating."

"This government has produced in the last 4 and a half years, going into five, they have produced pudding that's not nice. And they fancy it up with all this legislation and we come and pass all these laws and we qualify for this and we've been certified for that but this shows that we can't, we're broke and we can't pay our bills. That we come in 2021 and tell the Taiwanese, listen to me, we took on a job that was bigger than us, we need a break with these loans, give us three more years. And then when three more years come, you say, hold on, I need three more years. You didn't know you needed six years from the beginning?"

"In 2021 they went to Taiwan for 10 loans because all of them read exactly the same. In 2021, the couldn't handle the job, deferred it to 2024 and they're coming back and they can't handle the job, their financial performance has not been up to par. You see, when you talk about the proof of the pudding is in the eating, according to the prime minister of this country, around this same time in 2021 and 2022 we were the fastest thing growing other than Guyana. The country of Belize is going the best in the hemisphere and we have cash and the banking system is too liquid, not knowing at the time you were begging for mercy with your loans to one of the most friendly sister nations."

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