Is this really about Slavery Reparations?
I really haven’t figured out why the bankrupt European Union keeps giving Barbados hundreds of millions of dollars in grants, forgivable loans and other free money. It’s so frequent that the EU has a standard press release wording that they just drop the amount and the reasons into – complete with the standard quote from the Charge d’Affaires of the European Union Delegation to Barbados and the Eastern Caribbean: “This clearly demonstrates the continued commitment by the European Union to supporting Barbados, especially in these difficult times of a sustained global financial and economic crisis…”
Go ahead, Google that phrase and you’ll see what I mean!
Nor have I figured out what our leaders do with all that free money. Remember when former Prime Minister Owen Arthur balked when the European Union wanted proof of what we did with the sugar money from the EU?
Why does the EU keep giving us money, and why won’t our leaders account for what they do with the money to either the EU or the citizens?
As Father Dubin used to say, “It’s a mystery my son.”
Here’s the latest EU Press Release as found in the Anguilla News…
European Union disburses over BBD$4.7 million for Barbados’ International Business Sector
The European Union has released BBD $4,741,740 ( 1,9M euros) as direct Budget Support to Barbados in support of the International Business Sector The funds take the form of a nonreimbursable grant, the final disbursement under this programme, which has already received BBD $11,857,826 (4.75M euros).
Charge d’Affaires of the European Union Delegation to Barbados and the Eastern Caribbean, mClaude Bochu said: “This clearly demonstrates the continued commitment by the European Union to supporting Barbados, especially in these difficult times of a sustained global financial and economic crisis. The funds will specifically contribute to strengthening the institutional framework of regulation mand supervision of international businesses and to creating an enabling environment to improve efficiency and competitiveness of the sector”.
This final payment, in particular, was made on the basis of Barbados’ satisfactorily meeting some key targets related to the implementation of the Strategic Plan for the International Business Sector, namely licensing of new entities, development of an operations manual for licensing procedures and reduction in the number of days for processing an International Business License application.
In parallel, Barbados and the EU have formulated a follow-on Budget Support programme in the area of Human Resource Development for an amount of BBD$122 million (49 million euros), which will support capacity building, knowledge management, development of a National Qualifications Framework, research and development, and support to the development of the green economy during the period 2011-2016.
This is further proof that the EU continues to deliver on its promises to improve Barbados’ development in raising the living standards of citizens.