The proposal to transfer the Jolly Beach Hotel to the National Social Security Scheme in Antigua and Barbuda has sparked widespread debate about its implications for the country’s financial future.
Prime Minister Gaston Browne describes it as a necessary step to enhance pension security and stimulate economic growth.
However, critics argue that this move risks jeopardizing the trust placed in Social Security by workers and employers.
Our Shermain Bique-Charles has that story.
Cabinet members tour Jolly Beach Resport (photo by Cory Wayland – Antigua.news)
Great move Mr. Prime Minister.
Almost certainly a very risky venture!! Only the citizens of Antigua will suffer. I wonder whether GB would guarantee success with some of the $700M he is allegped to be worth?
Talk is cheap! We need to see actions. Is this going to be a similar project like assets at the base at Coolidge given to Social Security from the govt to offset some of the monies owed to Social Security but yet SS have the assets sitting there not generating any monies? SS management seems be like blind Bartemus who has vision of investing
Let’s put the politics aside. Based on whay the government said and what i listened to, the government is in the right tract and the prime ministers heart is in the right place
Sometimes black people are afraid to take risks. Jeff bezos took a risk and look at amazon. This proposal is great for the sustainability of social security. Let’s do it
I don’t see what there is to lose since there is a guarantee from the government. We should indeed take risks else we wouldn’t know if it will work out or not. Looking forward to Monday’s debate
It’s a bold vision, yes, but with high stakes. The government needs to show clear plans, projected returns, and protections for pensioners before people can fully trust this move.
Nothing ventured nothing gained.