PM acted as Finance Minister in July

The Prime Minister acted as the Finance Minister when Imbert embarked on a fundraising roadshow in the US.

Rowley issued an order deeming a $6.3 billion Deutsche Bank Securities loan tax-free.

The External Loans (Tax Exemption) Order 2016 was issued on July 28 and published in the Gazette last month.

The Minister of Finance has power under the External Loans Act to exempt from all taxes or exchange controls the payments of principal, interest and any other debt charges in respect of any loans raised under the Act.

Under an agreement between the Government, Deutsche Bank Securities Inc, and First Citizens Bank Ltd, it was resolved that the Government will issue and sell US$1 billion notes to several purchasers.

Rowley issued the order which had the effect of ensuring that payments of principal, interest and other debt charges were exempt from all taxes and exchange controls.

The Prime Minister has publicly described Imbert as his best man.

Imbert previously also acted as Minister of Foreign and Caricom Affairs and Minister of Energy and Energy Industries in September.

The Budget is due before the end of October. Last year, the Budget was on October 5.