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Jagdeo promises more cash grants if they win elections
…plans to create measures that allow citizens to invest cash grants
Kaieteur News- General Secretary of the People’s Progressive Party (PPP) and Vice President, Bharrat Jagdeo, has announced that future cash grants will be distributed if the PPP secures a next term in office.
PPP/C’s General Secretary and Vice President, Bharrat Jagdeo
“You will get your cash grants in the future too,” Jagdeo said as he addressed a gathering at Babu Jaan, Corentyne, Berbice. “Just imagine the next term in office how glorious that will be,” he added. During his address, Jagdeo reaffirmed that the PPP stands by its commitments. “When we make these promises that President Ali spoke about in the next term, you best believe that they will be delivered,” he noted.
Last year, President Irfaan Ali announced a $100,000 one-off cash grant for citizens 18 years and older. To date, over 500,000 cheques have been distributed, with about 100,000 more expected to be disbursed. However, the initiative is now being positioned as one that will continue in the future.
Jagdeo further explained that the PPP plans to structure financial products in a way that enables citizens to invest their cash grants through a financial instrument created by the government. “It will underwrite, it will give you a guarantee rate of return than if the money was placed in the bank,” he noted. “So when you get your cash grant in the future, you can put it in a financial instrument that the government will create, that it will underwrite, it will give you a guarantee rate of return than the money if you place it in the bank, all of this will empower people, young people, especially to own things,” he said.
(Jagdeo promises more cash grants if they win elections)
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