Article by Social Share
All tenants of the National Housing Corporation (NHC) who have paid in full or paid deposits towards their units should have their money returned by Christmas.
In a ministerial statement made in the House of Assembly today, Minister of Housing, Lands and Maintenance Dr William Duguid said the more than $5 million in payments will be refunded to 576 tenants from 21 of Government’s 49 housing estates.
In keeping with the Barbados Economic Recovery and Transformation (BERT) programme, tenants who paid $5 000 or less will receive cash refunds, while those who paid more than $5 000 will received bonds that can be cashed at any time at a discounted price.
IMF dispenses cash, advice for COVID recovery
Article by December 10, 2020
The International Monetary Fund on Wednesday announced it is boosting the island’s coffers by nearly $200 million to help it dig out from under the COVID-19 pandemic even as it continues to lend to the island’s two-year-long fiscal revival.
As the pandemic’s economic crisis continues to pose a major challenge for the Barbados economy, the IMF’s number two man suggested the way the island does business and diversifying the economy will drive the country’s recovery.
But in the IMF’s latest review, Deputy Managing Director and Acting Chairman Tao Zhang also eyed further cuts in Government subventions to state-owned enterprises as necessary to restoring fiscal sustainability.