Why are MIDA and IFC quite?

They ill-advise the Government and if PDS deals didn’t go well they are the people to be blamed.

We need to put pressure on them now to answer questions on why did they advise the government to go ahead to do business with PDS; whilst they don’t meet the financial obligation under the contract.

The process, which began with some reasonable transparency at the initial stages (deeper engagement with stakeholders by MCC and MiDA), suddenly became an epitome of controversy with many sides to simple questions about the process, local content and stakeholder participation. The discussion remained among government, MCC, MiDA and IFC.

MiDA shortlisted six applicants for the concession arrangement from the list of applicants who submitted intents to take over ECG. Four of the six dropped out of the process for reasons unexplained to date. Therefore, other stakeholders have had to rely on speculative reasons picked up in the grapevine, among which are the demands by those bidders for accurate data on the financial position of ECG and 51% local content prescription by government.

Now why are MIDA and IFC quite? We need answers now…

More to follow……