‘Development bank risks becoming PPP slush fund’ - Norton

(Kaieteur News) – Leader of the People’s National Congress Reform and chairman of the APNU, Aubrey Norton said his party will table amendments to the recently passed law to govern the Development Bank.

Norton explained that while the party supports the idea of a development bank, he believes the current framework to manage the institution makes it more of a “slush fund” to support those close to the ruling administration.

“I do know among the Members of Parliament it (amendments) was being discussed…I know it is being discussed and I think we have said previously we support the idea of a development bank. In fact, our manifesto had one, but what we are seeing is not a development bank, this looks like a slush fund that the PPP can use to give PPP people what they want and continue the process of discriminating against those who are not linked to the PPP,” he said.