10-Million-Dollar Injection for OKEU Financed by CIP

Monday, Aug 19

P

rime Minister Pierre on Monday announced that the OKEU Hospital will receive an immediate injection of XCD 10 million, financed by the Citizenship by Investment Programme.

This response comes after mounting concerns over the quality of health services provided at the institution, widely publicised in a letter written to the hospital’s board by the Medical and Dental Association.

The Prime Minister explained that OKEU will receive a total of XCD 15 million, 10 of which will be financed by the CIP and the remaining 5 million from the government’s coffers.

I'm very proud to have a country where we're going to be investing $10 million - and you may be very happy to know that it will come from the CIP - into the OKEU Hospital. $10 million in the first instance to pay debts that have been there before July 2021. And the Ministry of Finance is going to be injecting 5 million. So in terms of the OKEU hospital, we are going to be injecting $15 million,” Pierre announced.

In his 2024/25 budget address, PM Pierre also disclosed that $23.5 million was spent to finance operations at OKEU and that $11.5 million was spent in outstanding fees to Health City Cayman for medical consultancy.

Successive governments have also struggled to maintain health facilities in the country due to mounting costs of operation.

The Pierre Administration ambitiously implemented a 2.5% Health and Citizen Security Levy which is expected to generate 30 million yearly towards health and national security investments.

PM Pierre, during an August 19th Pre-Cabinet Press Briefing, indicated that he will soon update the public on how his government will finance the health needs of the country.

Very shortly, I'm going to make a statement on how I intend to deal with the financial situation in the Ministry of Health,” he said.

Pierre, commenting on the progress of the St. Jude Hospital, had this to report: “I'm very proud to have a country where I visited St. Jude and the progress in St. Jude is satisfying. Very satisfied.”

The Prime Minister has refrained from providing a completion date for the St. Jude Hospital.