Government threatens court action over $350 million

Browne was speaking at the Economic Business Forum and Book Launch hosted by the Antigua and Barbuda Chamber of Commerce and Industry Ltd. and IMF Western Hemisphere Department held at the Sandals Grande Tuesday morning.

Browne hinted the corporate entity is a firm responsible for providing energy products to the country.

The Prime Minister also said an investor which entered into a joint venture with the government at the Valley Church beach with a 10 acre property will also be “taken to court”, for failing to honour its agreement.

In a presentation described as frank by business leaders, Browne strongly took the International Monetary Fund (IMF) to task and revealed that talks are underway with the President of Venezuela Nicolas Maduro to quickly pay off the IMF.

The Prime Minister said he has told the IMF under no circumstances will his administration be entering a second programme and strongly suggested the most recent IMF programme has hurt the economy.

Browne’s presentation led to IMF Deputy Director of the Western Hemisphere Department Adrienne Cheasty abandoning her planned presentation and offer a response.

Cheasty defended the success of the recent IMF programme and invited Browne to take a future IMF programme. She also wished him the best of luck in his approach.

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