Barbados Issues World s First Pandemic-Protected Bond - The St Kitts Nevis Observer thestkittsnevisobserver.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestkittsnevisobserver.com Daily Mail and Mail on Sunday newspapers.
LONDON: Barbados has issued the world s first government bond with a clause allowing payments to be suspended in the event of another global pandemic,.
Clause allows suspension of payments in event of a pandemic; Barbados PM says option could have helped economies during Covid; Debt clause also covers natural disast.
Barbados has issued the world s first government bond with a clause allowing payments to be suspended in the event of another global pandemic, a move expected to attract interest from dozens of other countries savaged by the COVID-19 crisis.