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SACE officials coming to SVG


Officials from the Italian Government’s Export Guarantee Agency SACE will visit St Vincent and the Grenadines later this month to have discussions with the Government on possibilities for future investments.

Prime Minister Dr Ralph Gonsalves said that he has received a letter from SACE indicating that the EC$150 million debt relief agreement in the failed Ottley Hall Marina project had been approved by their executive.

“You can’t keep a united and well led people down,” declared Dr Ralph Gonsalves earlier this week at a school site opening ceremony.

Dr Gonsalves said that the debt relief was justification for the decision that he took in June 2001 when he decided that he was not paying any more money on the Ottley Hall debt. He said that in the letter, the Italian agency SACE made a request to visit St Vincent for a national event, to use the opportunity to discuss future investment possibilities. They have also asked for the agreement to be now put in its proper legal form. Dr. Gonsalves said that he wanted to have them in Parliament on March 26, and for the opening of the Rabacca Bridge on March 28. Dr Gonsalves said that time would be found in between these events for business discussions.