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I personally paid a visit to the Barbados corporate registry May 23, 2023 and no worker in the registry has the slightest idea of such a policy being implemented by the Ministry of Finance. For clarity the Public Procurement Act was passed on December 14th 2021 tabled by Ryan Straughn and in line with the…
The strategic strength of the BDS dollar has been eroded by the lack of growth in the local economy, overall drop in GDP, rapid increases in foreign debt, an inability of the Barbados market to generate increases in foreign income, the external debt restructuring, foreign debt default & being barred from international capital markets along…
The NIS will be restructured from the board level to revamp its operations i.e relaxed regulation to allow the fund to invest in riskier financial options in order to increase financial rewards. Increased payment of NIS contributions are likely and a legal restriction on buying government paper similar to the restrictions the central bank has on printing money.
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Lord have mercy, Hallelujah!!
Now we no longer have to rail against the “misallocation” of its resources by the GOB and private sector.
We have a new hobby horse to deflect criticism from the relaxed regulations and riskier investments!!
BTW, having destroyed numerous business and increased unemployment, how exactly can the statement “Increased payment of NIS contributions are likely” be reconciled?