NDP leader Myron Walwyn has dismissed the VIP’s promise to invest $20 million in a small business loan scheme as a poorly-thought-out knockoff of the NDP’s own business loan proposal.
Just last month, the NDP said it planned to pump $10 million into government’s National Business Bureau to provide low-interest loans to agriculture workers and other entrepreneurs.
Nearly a month later, VIP leader Andrew Fahie also presented a similar business loan programme at the launch of his party’s election manifesto.
Fahie said his party’s $20 million loan scheme would invest those funds over three years.
In noting the VIP’s loan programme, Walwyn said: “All they (the VIP) did was party all night, copied what we said, multiply it by two, and then tell you that they are going to give you $20 million without even offering an explanation as to how they are going to achieve this.”
Walwyn further ridiculed the Fahie-led VIP for promising such a hefty invest when they have continuously told the public that government and the BVI are “broke”.
“If the country is broke, where are you going to get $20 million from to give loans to small businesses?” Walwyn asked in a question directed to Fahie.
In contrast, the NDP chairman noted the Caribbean Development Bank’s 2019 report which says the BVI’s GDP grew more than two percent last year. He further said the BVI raked in more than-$60 million in excess revenue at the end of 2018.
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