“News came earlier this month that Guatemala is pulling out of the PetroCaribe deal because it said it was offered new repayment terms it thinks was unpalatable,” UWP said in a news release.
“The United Workers Party fears that the Venezuelan government may push up interest rates and modify repayment terms for Saint Lucia. The party is therefore calling on Prime Minister Dr. Kenny Anthony to explain to the nation the details of the deal made with PetroCaribe and ALBA; and has the interest rate on PetroCaribe loans raised to four per cent with more of the bill to be paid up front?”
The party said Saint Lucians must also be told what the terms and conditions are for a grant which was provided by ALBA.
“Was the grant the outcome of a deal made with ALBA for votes at the United Nations? Were the monies deposited in the Consolidated Fund? Which company has been awarded the contract to build the bridges announced by the Prime Minister? The UWP questions the judgment of the Dr. Kenny Anthony administration to hold out such high expectation from a country that is clearly struggling to survive.”