Government will be forced to find around US$15M ($3B) to pay rice farmers when they send their next shipment of rice to neighbouring Venezuela due to the previous PPP/C administration’s mismanagement of the PetroCaribe fund, which is now bankrupt.
According to Minister of State Joseph Harmon, it is because of the “very casual and in some cases very callous manner” in which the past administration dealt with the proceeds from the agreement that has left the fund in a state where “there is nothing in it.”
This grim reality was laid out at the last Cabinet meeting by
