Hill suggests weaknesses in government processes as bidders ignore airport offer
International banker, Aubyn Hill, says the government needs to review its divestment policy as the failure to attract bids for the privatisation of the Norman Manley International Airport suggests weaknesses in government processes.
He argues that it is unlikely that the government would have failed to receive any bids if the airport was properly marketed.
Hill adds that a part of reviewing the divestment process involves ensuring there is a clear outline of who is in charge of the process.
He also says there needs to be mechanisms to ensure those persons are publicly held accountable.
Hill led the team that divested several loss-making government-run sugar factories to private entities.