Par­li­a­ment cri­ti­ci­zes govern­ment bond lo­an

Times of Suriname - - ENGELS -

Le­gis­la­tors from the op­po­si­ti­on on Thurs­day cri­ti­ci­zed the govern­ment bond lo­an of USD 550 mil­li­on and other loans. MP Ma­hin­der Jo­gi (VHP) was al­most re­mo­ved from the con­fe­ren­ce room when he de­mand­ed to see the do­cu­ments re­gar­ding the bond lo­an. The chair­wo­man of Par­li­a­ment, Jen­ni­fer Geer­lings-Si­mons, in­di­ca­ted that she par­ti­al­ly agreed with the op­po­si­ti­on’s de­mand but that she did not agree with the op­po­si­ti­on’s pro­po­sal to put the dis­cus­si­ons on hold un­til af­ter Fi­nan­ce Mi­nis­ter Gill­m­o­re Hoef­draad has pre­sen­ted all do­cu­ments to Par­li­a­ment. The MPs from the op­po­si­ti­on at­ten­ded the ses­si­on un­der pro­test and kept re­fer­ring to the loans from the In­ter­na­ti­o­nal Mo­ne­ta­ry Fund (IMF), the Isla­mic De­vel­op­ment Bank (IsDB) and the govern­ment bond for which the pe­o­p­le would ha­ve to pay a high pri­ce sooner or la­ter in the form of re­pay­ments. The Fi­nan­ce Mi­ni­stry in­di­ca­ted that it needs SRD 500 mil­li­on in 2017. “This is very mis­lea­ding be­cau­se the re­cent­ly is­sued bond lo­an of USD 550 mil­li­on with an in­te­rest ra­te of 9.25% per year as­ks the pe­o­p­le for USD 46 mil­li­on in­te­rest while we must pay back USD 50 mil­li­on. That will be ne­ar­ly USD 500 mil­li­on per year,” said MP Asis­ku­mar Ga­ja­dien (VHP). MP Am­zad Ab­doel has a dif­fe­rent opi­ni­on with re­gards to the loans. He poin­ted out that the IMF lo­an has ope­ned doors for Su­ri­na­me with the best in­ten­ti­ons. “Each govern­ment that wants to do all it can for the pe­o­p­le, ne­go­ti­a­tes and see­ks the best op­por­tu­ni­ties for its pe­o­p­le to the best of its ca­pa­bi­li­ty,” said MP Ab­doel. “Choi­ces are ma­de ba­sed on the cur­rent cir­cum­stan­ces and the way tho­se cir­cum­stan­ces de­vel­op them­sel­ves. We could say that the cir­cum­stan­ces keep chan­ging in a cri­sis si­tu­a­ti­on.”

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