Grenada has no plans to wind up MNIB

Chairman of the board of administrators of the Advertising and Nationwide Importing Board (MNIB) in Grenada, Henry Joseph, is downplaying stories that the statutory enterprise might be shut down.

In July, Prime Minister Dickon Mitchell advised a information convention that the operation of the MNIB is a monetary burden on the federal government with senior officers from the Ministry of Finance indicating that consideration is being given to shutting its doorways.

“I wish to be very clear, that primarily based on my preliminary briefing because it pertains to MNIB we could have to noticeably take into account ending the lifetime of the MNIB and reconstituting both a brand new entity or an entity that basically was meant to hold out the mandate of the MNIB,” stated Mitchell, lower than a month after main his Nationwide Democratic Congress (NDC) to energy.

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“We’re right here to take choices typically onerous choices, we merely can not proceed kicking the soccer down the street and anticipate you can at all times come to the Authorities for bailout after bailout, after bailout with no turnaround within the fortunes of the entity, with no actual plan to attain the issues that the MNIB was meant to do,” Mitchell stated whereas disclosing that the MNIB is costing authorities thousands and thousands of {dollars} (One EC greenback=US$0.37 cents) to proceed the operations.

However Henry Joseph stated the phrases of reference for his tenure don’t embrace a winding up or liquidation of the MNIB that was established in 1945 for the event of agriculture typically, and specifically, for offering an outlet to farmers for greens and contemporary fruits with a view to encourage the manufacturing of native meals crops.

“Our function is to not wind up the operation, we didn’t obtain such directions, our phrases of reference don’t embrace that,” Joseph stated of the brand new board of administrators that had been appointed in August.

In March, the Integrity Fee stated it had accomplished its investigation into allegations of economic impropriety and corruption on the MNIB between 2013 and 2018.

CMC/