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The American Chamber of Commerce of Trinidad and Tobago (AMCHAM T&T) has called on the government to provide full transparency regarding the CL Financial bailout to ensure the public is informed about the facts and details.
During his budget presentation, titled “Steadfast and Resolute: Forging Pathways to Prosperity” in Parliament yesterday, Finance Minister Colm Imbert announced the government’s decision to sell its 49% shareholding in Colonial Life Insurance Company (CLICO), stating that it was no longer considered of strategic importance.
Imbert also revealed that an additional $13 billion is still owed to the government in relation to the CL Financial bailout.