Pensioners Relief In Debt Exchange Programme

Sharon Austin banner, Top Stories

Government has made good on its promise under the domestic debt restructuring programme and pensioners 60 years and over will begin receiving a cash payment of up to BDS $20,000 by Monday, November 19. This disclosure came today from Minister in the Ministry of Finance, Ryan Straughn, who said Government had amended the repayment terms for those individuals 60 years …

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 …

Government’s Debt Restructuring Programme Key

Sharon Austin Top Stories

Prime Minister Mia Amor Mottley has emphasized the importance of the recently negotiated debt restructuring programme, saying it has saved the country in a number of ways. Ms. Mottley made the comments last evening when members of staff and students of the University of the West Indies, Cave Hill Campus, had “A Conversation with the Prime Minister”, in Lecture Theatre …

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 …

Debt Restructuring The Way To Stability

Sharon Austin Top Stories

Barbados’ debt restructuring is the way back to the path of stability! This was the clear message from Government’s Special Advisor on the Economy, Professor Avinash Persaud, as he addressed a media conference today at the Grande Salle, Tom Adams Financial Centre, to discuss the exchange offer of new instruments by Government, as part of its Debt Restructuring Programme. Professor …