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Financial Advisor Karamat: RVI Program 'Life-Threatening' for Hakrinbank
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Director says risks covered by Ivan Cairo PARAMARIBO — Financial advisor Haroen Karamat warns of a potential “debacle” for Hakrinbank, the sole financier of the government program ‘Royalties for All’ (RVI). He calls the initiative “life-threatening” for the bank, in which the state owns 34.9 percent of the shares. However, Hakrinbank director Rafiek Sheorajpanday says the risks have been covered. The RVI program, initiated by President Chandrika…
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