VIDEO: African Association Credit Union of T&T webinar

This is the post-budget webinar presented by the African Association Credit Union of T&T, hosted by Colvin Blaize (Licenced Land Surveyor & Attorney-at-Law). Other guests were Brian Manning MP, Minister in the Ministry of Finance & the Economy and Esric Huggins (Valuation Surveyor) who spoke on the Property Tax. I spoke on Public Procurement & Disposal of Public Property Act delays. Video courtesy AACTT

  • Programme Length: 02:13:32 My presentation begins at 31:55
  • Programme Date: 31 October 2020

VIDEO: T&T Post Budget 2020/2021 Review

Dike Rostant interviewed Afra Raymond on the 2021 budget in which he covered the delay in proclaiming the Public Procurement and Disposal of Public Property Act; the Public Private Partnerships; the proposals for HDC housing (affordable?); the level of State rents and the fact that Information and Transparency are essential Public Goods. Video courtesy TTT

  • Programme Date: October 6, 2020
  • Programme Length: 00:18:51

VIDEO: Process and Priorities for the PM’s COVID-19 ‘Road To Recovery’ Committee

Trinidad and Tobago Prime Minister, Dr. Keith Rowley, appointed a 22-member COVID-19 ‘Road to Recovery’ committee on 16 April 2020 to handle and advise on the path of the post-pandemic economic and social recovery. Afra Raymond discusses what he believes should be the priorities of this committee.

  • Programme Length: 00:10:15
  • Programme Date: 18 April 2020

Public Procurement Delays

This article will appear on New Year’s Day – 1 January 2020 – and it is a direct criticism of the Trinidad & Tobago government’s unexplained delays in the full implementation of the new Public Procurement and Disposal of Public Property Act (the Act).  In my view those delays are unacceptable and a serious cause for public concern.

On 23 November 2018, the Finance and Legal Affairs Joint Select Committee of Parliament, took evidence on the matter of The Implementation of the New Public Procurement System.

That JSC, under the Chairmanship of Independent Senator, Sophia Chote SC, heard from the Office of Procurement Regulation (OPR) and the Ministries of Finance and Public Administration. That JSC Report of 6 May 2019 gives a detailed and encouraging account of the steps being taken to bring this law into full effect.  Sad to say, but at page 23 of that Report we are told that – Continue reading “Public Procurement Delays”

Property Matters – HDC Housing Bonds Part Three

Property Matters – HDC Housing Bonds Part Three

The first article in this series set out the background to these proposed bonds and the implications of the HDC’s perennial problem with bad property titles.  The second drew parallels between these proposals and the roots of the 2008 Wall Street crash, with some references to Jamaica’s National Housing Trust and its contribution system as an alternative for financing affordable housing.  This week I conclude by delving into the heart of the matter, the HDC’s finances and its performance in terms of its existing bond portfolio.

One of my persistent complaints against many of our State Agencies, including the HDC, is the long-term failure or refusal to publish proper audited accounts as required by laws and regulations.  nha-hdc-logoI am pleased to report that my requests for NHA/HDC financial statements from 2003 to 2018 were satisfied in April this year.  Once again, I thank the exemplary officers at the HDC for their assistance.  Even if this time I had to engage my attorney to send HDC a pre-action protocol letter before the financial statements were released and what is more, they have not refunded my legal fees.

Those financial statements are for the NHA from 2003 to 2005 and the HDC after 2005.  This article is focused on these proposed bonds so the first point to raise is the status of those financial statements. Continue reading “Property Matters – HDC Housing Bonds Part Three”