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Minister Archer defends award

In this week’s Money and Business Report, the Minister of Finance defends a recent award against criticism. And businesses assist regional neighbours dealing with Hurricane Matthew.

Hon. Marco Archer took to the floor of the Legislative Assembly on Tuesday morning (18 October) to explain the background of his recent honour as Finance Minister of the Year for the Caribbean from the publication Global Markets. The Minister said his reputation does not need to be propped up with awards that are anything other than legitimate.

“Some comments have been made,” he said, “that this award is in some way tied to a financial contribution that I made to the Global Markets publication. The Global Markets Finance Minister of the Year award for the Caribbean is not a pay to play award.”

Mr. Archer restated the achievements for which he and his government colleagues were being honoured, primarily the meeting of goals laid out in the United Kingdom’s Framework for Fiscal Responsibility.

Also in this week’s report: CUC has a 5-man crew helping restore electric service in the Bahamas in the aftermath of Hurricane Matthew, and CIBC First Caribbean is making a donation of nearly USD $25,000 to two charitable efforts to assist Haitians affected by the storm. One will supply enough water filters and purifiers to affect one million Haitians at risk of cholera; the other will help a Jamaica-based charity helping to feed affected Haitians.

About the author

Patrick Kreitlow

Patrick Kreitlow

Pat Kreitlow joined the Cayman 27 staff in October 2015. For nearly a decade, Pat was a familiar presence in living rooms across western Wisconsin where he was a reporter and nightly news anchor at WEAU-TV. He later served his neighbors as a state senator. When he and his wife Sharry became “empty nesters,” they moved to Grand Cayman in early 2014. They have two daughters and two grandsons.

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