UDP’s Shyne Barrow says $364.8 million in PUP loans in 2022 is more than $1 million a day

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Posted: Sunday, July 24, 2022. 7:19 p.m. CST.

From BBN staff: Opposition leader Moses “Shyne” Barrow denounces the Briceno administration for what he calls “hypocrisy” on the issue of government borrowing.

During the last sitting of the House of Representatives, Barrow reminded Prime Minister John Briceno that when he was in opposition he criticized the incumbent for borrowing up to $1 million a day, but that he had borrowed at an even higher rate since taking office in 2020.

“You and your government have borrowed nearly $400 million since you took over government and it hasn’t even been two years,” Barrow said.

Recently, the United Democratic Party released an announcement saying that the Briceno administration had borrowed $364.8 million in 161 days. The announcement showed that between February 4 and July 14, the Briceno administration had borrowed a total of $52 million from the Inter-American Development Bank (IDB), $104.8 million from the International Bank for Reconstruction and Development (IBRD), $48 million to the American Bank for Economic Integration (CABEI) Central Bank and $150 million from the Government of the Republic of China (Taiwan).

These loans were contracted between February 4 and July 15, 2022.

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Garland K. Long