Finsac'd entrepreneurs satisfied

Monique Grange, Assistant News Editor
The Gleaner/Power 106 News Centre

The Association of Finsac’d Entrepreneurs says it is satisfied that the government has allocated more money for the completion of the report from the Finsac Commission of Enquiry.

The allocation of $4.6 million is included in the supplementary estimates of expenditure tabled in Parliament yesterday.

President of the Association Yola Grey-Baker believes the government has made a right move in changing its position about not providing any more funding to have the outstanding report completed.

She noted that Finsac’d entrepreneurs had been under the impression that the People’s National Party administration didn’t want the report to be made public.

She reiterates that it would have been a waste of time and money for the commission of enquiry to be complete without a report stating the conclusions.

Meanwhile, Grey-Baker says she doesn’t believe a meeting with the Governor General is necessary considering the government’s decision to provide more funding.

But she is hoping that the final stages will be free of obstacles.

The association had sought the Governor General’s intervention as it pressed the government to ensure that the report is completed and released to the public.

The FINSAC enquiry, which began in November 2009 to probe the circumstances leading to the financial sector meltdown of the 1990s, ended in November 2010.

About $65 million has already been spent on the Commission of Enquiry.

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