St Vincent government wants Trinidad to pay remaining BAICO funds
Published on: Friday 05 January 2018
KINGSTOWN – The St Vincent and the Grenadines government says it will seek the assistance of other Caribbean Community (CARICOM) countries to get Trinidad and Tobago to pay the US$100 million it had pledged to deal with the fallout of the failed British American Insurance Company (BAICO).
BAICO was among the companies owned by the Trinidad-based CL Financial Group that also included the Colonial Life Insurance Company (CLICO) that collapsed in 2009 resulting in successive governments in Port of Spain pumping in billions of dollars in a bailout plan.
News source: http://www.nationnews.com/nationnews/news/117182/st-vincent-government-trinidad-pay-remaining-baico-funds
