PM Speaks On Investment Bank

National Broadcasting Corporation

St. Vincent and the Grenadines

Ralph Gonsalves Some 200-million US dollars will be provided by the Government of Libya to finance a Holding Company and Investment Bank in the Caribbean.

Prime Minister and Minister of Finance Dr. Ralph Gonsalves announced at a News Conference this morning that the funds will be made available to the Holding Company in Antigua and Barbuda and the Investment Bank to be established in St. Kitts and Nevis.

Dr. Gonsalves says these new entities will provide enormous opportunities to the Private Sector for productive purposes.

Dr. Gonsalves explains how the Libyan Officials will proceed with the financing arrangement.


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