— says debt owed to Clico Guyana will be alleviated over time

Chairman of C.L. Financial,Lawrence Duprey said he would like to renew his relationships with Guyana and has offered an apology to Guyanese for the collapse of CLICO Guyana.

He expressed these sentiments during a meeting with Finance Minister Winston Jordan last Thursday, a release from the Finance Ministry said.

Duprey, who was accompanied by several company officials,said CL Financial will try to make amends for the approximately US$40M debt owed mainly to the National Insurance Scheme.

Duprey, the majority shareholder of CL Financial also informed Minister Jordan that his company is interested in investing in several areas here, including providing solar energy at competitive prices, affordable housing, clay brick and solar for housing as well as introduce a financial model that will generate savings and alleviate poverty.

Minister Jordan,in response,informed Duprey that he will apprise Cabinet of their discussions.

“He also advised Duprey that future engagements could be conducted on parallel tracks: discussion on recovering moneys owed by CL Financial and investment in Guyana,” the release said.

Both the finance minister and Duprey and his team agreed to a follow-up meeting.

Meanwhile, Bank of Guyana Governor, Dr. Gobind Ganga will be consulted to determine the status of all outstanding matters relevant to CLICO Guyana.