Former?Prime Minister Owen Arthur thinks the National Insurance Scheme (NIS) should not have to carry any major financial burden for the Four Seasons project.
Speaking on the topic Managing Change in an era of global economic instability at a Barbados Chamber of Commerce luncheon yesterday, Arthur was of the view the project should be able to attract private investment.
“The planning and implementation of the project should be made to proceed entirely on the merits of the supporting financial analysis and on its merits in a private investment context rather than on the basis of political calculation.
“This especially should apply in respect of the involvement of the NIS. Above all, if a private developer cannot be encouraged to come in as a partner, the NIS should not be required to assume the kind of risks that are being touted,” he said.
Full story in tomorrow’s Daily Nation.
