Antigua and Barbuda Prime Minister Gaston Browne
Antigua and Barbuda Prime Minister Gaston Browne says countries in the Eastern Caribbean affected by the 2009 collapse of the Trinidad-based Colonial Life Insurance Company (CLICO) could file a US$60 lawsuit against the government in Port of Spain to recover funds owed to policy holders.
Mr Browne says Trinidad and Tobago had made a commitment to pay US$100 million to the countries of the Eastern Caribbean Currency Union (ECCU), but has not kept the promise.
US$40 million has already been paid.
Mr Browne says the ECCU will again write to the Trinidad and Tobago Government to put a system in place to cover the rest of the liability.
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