Divestment must deliver value

AI Summary

Prime Minister Kamla Persad-Bissessar says the government plans to divest its stakes in three or possibly four state-owned enterprises. The article argues that weak financial performance, documented in company audits, supports selling the holdings to deliver value for taxpayers.

Prime Minister Kamla Persad-Bissessar’s disclosure that the Government is seeking to divest its interest in three—and possibly four—State enterprises is wholly justified by the companies’ financial performance. Audits of dozens of State companies provide more than enough evidence that taxpayers…