Initial Results Of Domestic Debt Restructuring

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The Government of Barbados announced today the near-universal participation of affected creditors in the BBD Debt Exchange Offer that was launched on 7 September 2018. Although the Central Bank of Barbados (CBB) continues to reconcile tenders in its role as exchange agent for the transaction, preliminary estimates indicate that holders of more than 90% of eligible claims have accepted the …

Deadline For Debt Restructuring Proposal Friday

Sharon Austin Top Stories

Holders of Treasury Notes, Treasury Bills and Debentures are reminded that the deadline for accepting Government’s debt restructuring proposal is tomorrow, Friday, October 5, at 5:00 p.m. This reminder came today from Senior Technical Advisor to the Government of Barbados, Dr. Kevin Greenidge, who said Government recognized that the terms were difficult ones, as individuals and pensioners were being asked …

Debt Exchange Forum Extended

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Holders of Treasury Notes, Treasury Bills and Debentures are advised that the Debt Exchange Forum continues this week in the Courtney Blackman Grand Salle, at the Central Bank of Barbados, Church Village, St. Michael. The forum will be held daily from 9:00 a.m. to 4:00 p.m. until Thursday, October 4, and from 9:00 a.m. to 5:00 p.m. on Friday, October …

Debt Exchange Offer Letter

bgis Ministry News

The Central Bank of Barbados has advised all holders of Treasury Bills, Treasury Notes and Debentures outstanding, as of September 30, 2018, who have not received their Debt Exchange Offer Letter, to email debtexchange@centralbank.org.bb, or call 436-6870. As part of its Debt Restructuring Programme, Government is offering to exchange existing Treasury Notes, Treasury Bills and Debentures for New Instruments. The …

Central Bank: Beware of Fake Money

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Beware of unscrupulous persons trying to pass off fake banknotes as real money. That is the caution from the Central Bank of Barbados as the 2018 Crop Over season kicks into full swing. “Times of the year where there is a lot of cash in circulation embolden counterfeiters,” said Octavia Gibson, Deputy Director, Currency at the Central Bank. “And during …

Arrival Of IMF Mission & Appointment Of Advisor

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Government announced today that a team from the International Monetary Fund (IMF), led by Bert van Selm, had arrived in Bridgetown on a three-day visit. The team will hold discussions with the Prime Minister and Minister of Finance, Mia Amor Mottley, Governor of the Central Bank of Barbados, Cleviston Haynes, other senior government officials, and representatives from the private sector …

Central Bank Governor: Business Facilitation Key

Sharon Austin Ministry News

Barbados has to pay greater attention to business facilitation. This view was expressed by Governor of the Central Bank, Cleviston Haynes, on Monday as he delivered remarks at the opening of the Week of Excellence 2018 Programme, at the Courtney Blackman Grande Salle. Mr. Haynes said the economy would require greater levels of local and foreign investment going forward and …

Excellence To Be Celebrated Next Week

Sharon Austin Ministry News

Excellence will again be the focus for workers, employers and Government, when the annual Week of Excellence Programme is observed from Sunday, February 25, to Saturday, March 3. Productivity: The Heart of Our Future, is the theme of the week, which will begin with a service on Sunday at the Bethel Methodist Church, Bay Street, St. Michael, beginning at 9:00 …

Barbados Has New Central Bank Governor

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Cleviston Haynes has been appointed as Governor of the Central Bank of Barbados. Minister of Finance and Economic Affairs, Christopher Sinckler, pursuant to the powers vested in him under Section 11 (1) of the Central Bank of Barbados Act CAP 323C of the Laws of Barbados, and with the concurrence of the Cabinet of Barbados, approved the appointment of Mr. …