KPMG drafted in to run economic recovery plan
An accounting and auditing heavyweight is to lead the Government’s economic recovery plan, the finance minister revealed yesterday.
Curtis Dickinson said financial services firm KPMG had been selected as the project manager for the plan, outlined in the last Budget debate and which went before the House of Assembly in the summer.
Mr Dickinson said the plan contained 31 items that ranged from medical tourism to a Bermuda digital bank.
He added that KPMG, one of the “Big Four” financial services companies, had been selected for the job inside the last two weeks.
Mr Dickinson said that the Government had signalled that it “may need to bring in external resources to help us get this work done”.
He added: “We have talked to some of the accounting firms here and KPMG was selected.”
Mr Dickinson said the firm would “work with us to help run the project management office with respect to advancing the 31 items on the economic recovery plan”.
He added: “Some items are already in train and others have not yet started.
“But the idea behind hiring KPMG is to provide some degree of organisation because this work has to happen outside of the regular work that’s being done by public officers”.
Mr Dickinson said KPMG was needed to “focus on the day to day oversight of those items”.
He added: “We still have to run the day-to-day operations of the Government.”
The announcement after criticism last week by Jarion Richardson, the shadow labour minister, that the Government had failed to reveal details of the plan for recovery.
David Burt, the Premier, told The Royal Gazette in April that the spring surge in Covid-19 cases had delayed implementation of the plan.