BRIDGETOWN, Barbados (CMC) – CIBC FirstCaribbean Wednesday said it is acquiring BDS$100 million (One Barbados dollar=US$0.50 cents) in the Barbados Optional Savings Scheme (BOSS) Plus investm.
There is a reason why thriving organisations invest significant sums and resources into ensuring they are viewed favourably by clients and stakeholders. They are mindful that perception is reality, and no matter how good a job you are doing, if people perceive otherwise, the road to success becomes that much harder.
There are occasions when the message being communicated by organisations
By Jenique Belgrave
Declaring that Barbados’ debt is too high, Democratic Labour Party (DLP) president Dr Ronnie Yearwood has challenged the Government to show how Barbadians are benefiting from the high level of borrowing.
He made the call as he charged that the administration is failing to implement growth strategies to get the country out of its current situation.
“The country is really
Local investor confidence in Government paper is returning based on the gradual climb in the take-up of the latest bond offer, the Barbados Optional Savings Scheme (BOSS) Plus, according to Central Bank Governor Cleviston Haynes.
However, he said, the demand was still slower than expected, given the lowering of debt and the Government being on track to achieve its fiscal target
It is understandable the excitement within the Ministry of Finance following news that external investors are showing greater confidence in Government by snapping up some $140 million or US $70 million in restructured Government of Barbados (GOB) bonds in a debt swap.Minister in the Ministry of Finance Ryan Straughn was quoted in the media on Wednesday: “Considering that the external bonds were trading at close to par for most of the duration after the foreign debt restructuring in December 2019, then it was not surprising. It demonstrates an expression of confidence in the management of the country’s fiscal affairs by the investors.”We have come a long way from the period when foreign holders of GOB debt were threatening legal action against the country over fallout from the debt restructuring process.It was back in October 2019 that the administration announced it had reached a deal with international market creditors more than a year after the country entered a historic select