“Grave fiscal irresponsibility!” was former Central Bank governor Jwala Rambarran’s characterization of the announcement of a US$900 million loss by the Heritage Stabilisation Fund (HSF). Invoking a dog whistle, he continued by saying that this spoke to the “incompetence of the Board”. Roodal Moonilal reminded us of Mrs Kamla Persad-Bissesar’s …
Read More »Thompson: Imbert’s gamble—what Budget could mean for recent Heritage and Stabilisation Fund gains
After listening to Finance Minister Colm Imbert’s 2023 budget presentation last September, I felt a certain disquiet that I have not been able to deal with satisfactorily. Something did not feel right about what he was telling the country but precisely what it was kept eluding me. Contemplating the performance …
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