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The Vision

I invite you to share and shape a common vision for Fort Charlotte where:

• There are adequate community centres, in partnership with Urban Renewal, Churches and businesses,  to provide skills development, recreational and cultural programmes for every member of the community.
• Every aspiring entrepreneur has the opportunity to own and operate his or her own business on a level playing field.
• Persons find dignity and reward in secure jobs or in owning their own enterprises.
• Human dignity, economic opportunity and social progress are the rights of all.
• Nurture a culture of literacy, numeracy and life long learning in amongst all children and adults in Fort Charlotte as means of personal empowerment, civic responsibility and good citizenship.

I call on all residents of all political, religious and ethnic backgrounds in the Fort Charlotte Community to share in and expand this vision for the development of the Fort Charlotte Community.

THE CLICO CRISIS: A CASE OF REGULATORY FAILURE AND A CALL FOR  GOVERNMENT INTERVENTION

 

 

ALFRED M. SEARS

17TH MARCH 2009

 

On the 24th February 2009 the Registrar of Insurance petitioned the Supreme Court of The Bahamas  for the winding-up of CLICO (Bahamas) Limited ("CLICO") because CLICO was unable to pay claims of US2.6 million in the Turks & Caicos Islands and (b) its liabilities were estimated to exceed its assets by at least $9 million.  The Supreme Court appointed Mr. Craig Gomez of Baker Tilly Gomez as Provisional Liquidator for CLICO.  A hearing of the winding-up petition is scheduled to be heard on the 18th March 2009.