The government has said very clearly that it is committed to hosting World Cup 2007 and it will do what it takes, starting with the rebuilding of the National Stadium.

This requires putting in the requisite infrastructure in place, whether it is hospitals, transportation, security, all the other things that have to be done. The main area of concessions would really be the hotels, which enjoy concessions anyway and have been granted concessions to rebuild in the wake of Hurricane Ivan. So that will not be affected.

But there are other areas of the economy where the government has been granting concessions where we'll have to take a very careful review and, frankly, scale down. The truth is that this is really a call to intensify what the government has already started. For instance, you might be aware that several years ago St. George's University enjoyed 100 percent concessions on nearly everything.

Today that has been reduced. They pay taxes, 50 percent on some things, and what they get wide relief on is a very narrow range of goods. Similarly, Cable & Wireless - they now pay for their imports and so on, whereas before they were getting 100 percent relief. So it is proper, it is fitting, it is right that as a firm develops, as an industry develops, that it should pay its fair share.

When you graduate from an infant to an adult, you are expected to take on your contribution to the taxes of the country. So the call is for us to reduce these holidays (from taxes), to be more selective with how we give these concessions. And grant them to sectors and activities that we particularly want to grow rather than give them out to everybody.

So perhaps you give concessions to agriculture but you don't give the same amount to the entertainment industry because it doesn't have the same relative importance in the growth of the economy. So it is a call and a very important one that the government has to heed.