Post Cabinet Press Briefing - May 25, 2017

Photo Caption: (L-R) The Honourable Colm Imbert, Minister of Finance and the Honourable Stuart Young, Minister in the Office of the Prime Minister and Minister in the Ministry of the Attorney General and Legal Affairs, address the media at the weekly Post Cabinet Press Briefing. (Photo Courtesy: Office of the Prime Minister)

May 26, 2017:

The Honourable Stuart Young, Minister in the Office of the Prime Minister and Minister in the Office of the Attorney General and Legal Affairs and the Honourable Colm Imbert, Minister of Finance, addressed the Post-Cabinet Press Briefing yesterday (Thursday 25th May 2017) at the Diplomatic Centre, St. Ann’s.

Minister Young said Cabinet agreed today that the public holiday for the celebration of Eid Ul Fitr will be on Monday 26 June, 2017.

Minister of Finance, Colm Imbert said Republic Bank won a bid to provide a $1 Billion loan facility to the Government at a rate of 4.25 per cent. This latest borrowing is part of Government’s plan to finance the $6 Billion budget deficit.

Republic Bank, ANSA Merchant Bank, First Citizens, First Caribbean International Bank and Republic Bank all tendered to provide the loan facility.

The Honourable Stuart Young announced that Prime Minister, Dr. the Honourable Keith Rowley will lead a delegation on a two-day official visit to Chile. The delegation will leave on Sunday 28th May, 2017 and return Wednesday 31st May 2017.

The delegation will include:

The Honourable Dennis Moses, Minister of Foreign and Caricom Affairs; The Honourable Paula Gopee-Scoon, Minister of Trade; The Honourable Franklin Khan, Minister of Energy and Energy Affairs;The Honourable Stuart Young, Minister in the Office of the Prime Minister and Minister in the Office of the Attorney General and Legal Affairs; His Excellency Dr. Amery Browne, Ambassador of the Republic of Trinidad and Tobago to Chile.

END

For further information, please contact:

Public Information and Communications Unit

Office of the Prime Minister

Tel: (868) 622-1625 Ext. 4045

 

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