Ministry To Sensitize Media On BEPS Response

Shamkoe Pilé Ministry News

The Ministry of International Business and Industry will host a media sensitization workshop on Barbados’ response to the Base Erosion and Profit Shifting (BEPS) Initiative and its impact on the international business and financial services sector. It will be held on Wednesday, November 28, in the ground floor conference room of Baobab Tower, Warrens, St. Michael, from 11:00 a.m. to 12:30 p.m. …

“Z” Prefix Legitimate On Barbadian Banknotes

bgis Top Stories

The Central Bank of Barbados is reassuring Barbadians that the prefix “Z” on local banknotes is legitimate. Responding to images and messages circulating on WhatsApp and other social media, the Central Bank’s Deputy Director, Currency, Octavia Gibson, confirmed that the Bank does indeed issue banknotes with “Z” serial numbers. “From time to time, the Bank issues notes of all denominations …

Full Confidence In Regional Economists

Sharon Austin Top Stories

Minister in the Ministry of Economic Affairs, Ryan Straughn, has expressed confidence in the economists in this region, saying they have the capacity to solve problems. Mr. Straughn expressed this view today as he delivered the feature address at the 50th Annual Monetary Studies Conference, at Hilton Barbados Resort, which is being hosted by the Central Bank of Barbados and …

New Securities To Be Issued November 15

bgis Top Stories

The Central Bank of Barbados has advised that the restructured securities under Government’s new debt offer will be issued on Thursday, November 15, 2018. In a statement issued today, the Bank explained that technical and data issues had delayed the process. “The Bank regrets not meeting the original October 31 deadline. We are working assiduously to complete the process by …

Final Creditor Participation For Debt Exchange Offer

bgis creditors

The Government of Barbados announced today that the Central Bank of Barbados (CBB), in its role as exchange agent for the transaction, has finished reconciling tenders into the BBD Debt Exchange Offer, which was launched by the Government on 7 September 2018. In doing so, the CBB has confirmed that holders of 97% of eligible claims accepted the Government’s debt …

Framework For Regulatory Sandbox Established

bgis Top Stories

The Central Bank of Barbados (CBB) and the Financial Services Commission (FSC) recognize that “Fintech” innovation could play a critical role in safely lowering the costs of financial transactions, while offering more efficient services to consumers, without undermining the financial system. To support such innovation, the regulators have collaborated to establish a framework for a regulatory sandbox, which will provide …

Initial Results Of Domestic Debt Restructuring

bgis creditors, Top Stories

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

Eyvette McClean Top Stories

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 …