ST JOHN’S, Antigua – Opposition Leader Gaston Browne has continued defending his proposal that offshore companies be obliged to buy a minimum quantity of government debt.
Since Brown made the suggestion in parliament last week, he has been heavily criticised.
A main objection is that forcing such investors to buy government debt would make the country less attractive.
Brown says from what he has gathered from discussions with some within the industry the criticism is unfounded.
Browne also had an answer for those who would argue that what he is suggesting isn’t even possible as it’s illegal.
He says his government would change any laws needed to accommodate the programme.
The opposition leader also defended the figures he used to judge the size of the offshore banking sector.
Opposition Leader Gaston Browne.