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NIA dismisses hypocrisy charges relating to land for debt issue

St. Kitts and Nevis (WINN): The ruling Concerned Citizens Movement (CCM) Administration in Nevis is dismissing charges of gross hypocrisy leveled by its political rivals the Nevis Reformation Party (NRP) over its alleged support for a land for debt swap that the CCM opposed while in opposition. 

The St. Kitts Nevis Labour Party and the Nevis Reformation Party have both accused the CCM of agreeing to swap land for debt while making it an issue in the Motion of No Confidence against the federal government that is now eleven months old but is yet to make it to the Order Paper. Mr. Brantley told WINN that the agreement with the bank was legally binding on the Nevis Island Administration.

The federal government restructuring of close to $2 billion in debt includes the sale of 1200 acres of land on St Kitts and Nevis- lands held by the local banks as collateral for close to 46 percent of the government’s debt according to reports. Reports estimate that some 4700 acres of land were used as collateral for loans to the government. 

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Comments  

-3 #1 Robert 2013-11-08 22:03
Better the "Douggie" we know than the "Devils" we dont!

The more things change the more they seem to remain the same!
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