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CLICO policyholders could get bonds

Recipients will not have to wait for 20 years to be paid, but once bonds are issued, they can be redeemed at a discounted rate.

Dookeran said the Ministry was working out the effective discounted rate which should be applied without putting the country’s debt profile at risk.

The Finance Minister made the comments as he delivered a speech at the Caribbean Association of Audit Committee Members (CAACM’s) 5th Annual Regional Meeting and Conference, hosted by the Institute of Chartered Accountants of Trinidad and Tobago (ICATT) and CAACM.

Dookeran made an appeal to accountants and auditors at the conference to strive for exceeding international benchmarks with their accounting practices.

He also encouraged the creation of new, improved practices.

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