FINANCE MINISTER COLM IMBERT, SPEAKING AT TODAY’S POST-CABINET PRESS BRIEFING, SAID WITH THE CPO’S 2% OFFICER TO PUBLIC SERVANTS, GOVERNMENT WILL HAVE TO BORROW APPROXIMATELY $700M IN ORDER TO MEET SUCH PAYMENTS.
• HE MADE IT ABUNDANTLY CLEAR THAT WHAT THE CPO OFFERED WAS AN INITIAL OFFERING AND THE CPO HAS GIVEN THE UNDERTAKING TO CONTINUE NEGOTIATIONS WITH THE VARIOUS UNIONS LATER THIS MONTH.
