Barbuda MP Trevor Walker has raised concerns over the proposed investment plan for the Social Security Scheme, citing a lack of transparency and risk assessment.
Speaking in Parliament, Mr Walker said the proposal was circulated too late for proper scrutiny and questioned its viability, particularly regarding the Jolly Beach hotel.
“I cannot support this resolution without thoroughly analysing the data and understanding the risks involved,” he said, stressing the need for transparency and sound financial management.
He also criticised the government’s track record, pointing to millions in unpaid contributions and arrears owed to the scheme under the Antigua and Barbuda Labour Party’s previous administrations.
While supporting diversification and long-term investment growth for the scheme, Mr Walker said Social Security must prioritise “investments with risk levels they feel comfortable with.”
He ultimately voted against the resolution.
