Premier Sharlene Cartwright-Robinson is calling the recently enacted Turks and Caicos National Wealth Fund (TCNWF) a “historical and empowering” Bill.
The Bill which establishes the nation’s sovereign wealth fund was passed unanimously in the House of Assembly on Wednesday and allows the government and save and invest strategically.
Cartwright-Robinson said she was happy to move an important Bill that marked a major step for the TCI. “This Bill is a mark of maturity for both sides of the House as there was bi-partisan support and I am grateful. There was much talk about this over the past 3 years and I was careful to say that and I am happy to have been able to move it forward with my Government’s input and welcomed passage through Cabinet. I would wish the people of this country to understand its importance to us as a people and will speak more to it during my upcoming Media Tour,” she said.
She also assured the public that the fund would not be a disadvantage to citizens.