OIL DEAL NOT BEST SOLUTION AT PRESENT TIME
Wednesday, October 28th, 2009
Barbados Advocate
DENIS KELLMAN’S COLUMN – THE DEBATE
September 23, 2005
The Government of the day has over borrowed on the International Monetary Market and is not in the market seeking cheap loans. Those persons who would like to see the Government accept cheap loans from the PetroCaribe deal fail to understand what is happening to our credit rating.
The IMF and Standard and Poors have already warned Barbados of its borrowing capacity and the effect it has on its credit rating.
The Prime Minister has already warned this country of the serious implications that the increased debt will have on this country’s credit rating, and its ability to seek international financing when there is a need to borrow.
Those persons who continue to ask about the Venezuela oil deal can only be trying to interfere with the relationship that we have with America and at the same time not understand the politics of Venezuela, which has now damaged the relationship that Trinidad was able to gain from, as it relates to its CSME members.
We as a country have a serious Current Account problem and we must produce in order to deal with this problem. The only way the deal can help us is if we take the money that we would normally pay for oil and repay debts at higher servicing costs.
The oil deal between Trinidad and Barbados must be improved by the Trinidadians to help enhance and strengthen its position within Caricom. Trinidad must now offer its CSME partners the same or nearly the same incentives that it is offering the United States.
Our brother in need must understand what Venezuela is doing to vulnerable states that have been affected by falling revenues from bananas and sugar, compounded with increased costs of goods, including oil that is destroying the economies of small states. This occurrence has caused states with newfound wealth and a grouse to bear, to insult small states because of the need to get a quick bargain, without looking at the long-term effects.
I was recently asked, how come productive Government Ministers like implementing everything I speak about? My attention was then drawn to page 1 of the Advocate dated 21st September, 2005 under the caption “Agricultural boost for farmers, vendors and consumers”. This Minister seems eager to follow my path and is doing everything right whenever he follows my dictates.
The Minister needs to take to Cabinet a plan to finance farmers for the next three years leading up to World Cup 2007, to allow the county to fully benefit from the increase in tourist arrivals. The farmers must remain in their fields and the vendors must have the appropriate vehicles to move the produce to the consumers, easing the burden on the farmer by allowing him to increase productivity by having his produce distributed.
I have offered advice freely over the years and those persons and organizations who accepted it have done well, but those who ignored it have paid the price. Those persons who ignored the advice have been able to see persons who should not have benefited from it, using it to enhance their opportunities at our expense.
Everybody knows that I am a supporter of institutions and not personalities. I have been able to compare both and my advice to anyone is to accept that the institution is larger than the personality. The Barbados Labour Party was able to accept what was important for the country by dumping their selfish approach in 1994 and turning to the person who they thought was able to motivate the masses and resulting in a victory for the party.
The Democratic Labour party is now in a similar position where they have to thanks some members for their contribution, and this must be done without injury to anyone. The older players who are sitting on the fence looking to achieve glory twice before the younger ones get an opportunity, must be told that when the cake is divided everyone will get an equal share provided that they had reported for duty.
The cake must not only be for friends who believe that the institution is primary to a personality, but for workers, who have worked for the institution. Fairness must be the hallmark. Young workers must be prepared to develop themselves by learning the positiveness of their roles and stop playing back-up for persons.
These young men must understand that they have to see and learn the system for themselves. Opposition politics is good for beginners, but they should not allow anyone to keep them in Opposition for more than two terms. In my political life, I have served three terms under two leaders in Opposition and I have accepted my lot and maximum, since I have learned enough.
I have said before that the Barbados Labour Party is second to the DLP and we must figure out why we continue to lose to them if we have the better party. The public wants to vote for the party of its choice and we the members of the party must understand that we have to give to the voters what they want.
The Barbados Labour Party ignored the gurus who wanted snobbery to continue and gave the public what they wanted. Please let us get some peace, love, fairness and unity. This I beg of you for the sake of the people.
(Denis Kellman is the Member of Parliament for St. Lucy, Barbados)
“The situation is critical,” Senator Jean Hector Anacasis told reporters.



