The Ministry of Finance on Friday denied a claim by former Minister of Finance Winston Jordan that a conflict of interest existed as a result of the Head of its Project Cycle Management Division (PCMD), Tarachand Balgobin chairing the national procurement board.
In a statement, the ministry said that the PCMD is responsible for exercising monitoring oversight of the implementation of the Public Sector Investment Programme (PSIP) and to report on the PSIP’s performance to government officials and ultimately Cabinet. The statement said that this was the exact function of the PCMD when Jordan served as Minister and much longer before.