7 News Belize

Hulse Says Privy Council Judgement Shows GOB Took Out “No Loan”
posted (November 29, 2017)
Today, Hulse who was at the Chamber at the time and Dr. Carla Barnett who was the Financial secretary at the time - both spoke about the chaotic situation produced by the secret loan note signed by then Prime Minister Said Musa.

That eventually went to the Privy Council - in a suit by Hulse and the association of concerned Belizeans. Now, the conventional wisdom is that the court upheld the legality of the loan note. But Hulse said that the court established there was no loan.

Hon. Godwin Hulse
"'The board founds,' this is the Privy Council, 'founds its judgment therefore upon its conclusion that there is no evidence of any loan to or borrowing by the Government of Belize.' There is no loan, no loan. And so if there is no loan what are we going to pay back? What are we going to owe? Pay a claim? Pay what?"

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