No quick fix CLICO!
AS POLICYHOLDERS of CLICO International Life (CIL) anxiously await word on their fate, regional officials have warned there are “no easy” solutions to the now three-year-old debacle.
Following a presentation made yesterday by judicial manager Deloitte Consulting’s Oliver Jordan and Patrick Toppin to a meeting of the Caribbean Community (CARICOM) Council for Finance and Planning in St Lucia, officials who spoke with the SUNDAY SUN on condition of anonymity said their governments needed more time to study the prescribed plan of action.
At least one was insistent that there was no “quick fix” solution.
“It is not a straightforward thing, it requires a regional approach, and you must remember that Barbados started late in this whole [judicial] process,” said an official, who has been intimately involved in the CIL talks.