Interest In Maritime Debt For Nature Swap

Sharon Austin Top Stories

Prime Minister Mia Amor Mottley has disclosed that government is in discussions with The Nature Conservancy about the possibility of doing a maritime debt for nature swap. Ms. Mottley made the disclosure today during a press conference at Government Headquarters, where she discussed her recent trip to Canada and the United States of America for a series of high-level meetings. …

$41M Paid Out In Domestic Debt Restructuring

Sharon Austin Top Stories

Government recently paid out BDS$41 million to pensioners 60 years and over under the domestic debt restructuring programme. This disclosure has come from Minister in the Ministry of Finance, Ryan Straughn, who said $7 million of that amount was interest. He explained that the pensioners each received a cash payment of up to $30,000. “This recent payment has delivered financial …

BERT Can Move Barbados Forward

Sharon Austin Top Stories

Senior Technical Adviser to Government, Dr. Kevin Greenidge, is confident that if the Barbados Economic Recovery and Transformation (BERT) Plan is implemented within the timeframe, it would move the country forward. Dr. Greenidge expressed this view today during a press conference at the Grande Salle, Central Bank of Barbados, to give an update on the BERT programme. Saying the country …

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 …

PM Mottley Expresses Confidence In Team

Sharon Austin creditors, Top Stories

Prime Minister Mia Amor Mottley has expressed confidence in White Oak Advisory Ltd., the team that has been assisting Barbados in the debt restructuring process. During a press briefing at Government Headquarters yesterday, Ms. Mottley described the team at White Oak as “some of the best advisors with respect to debt restructuring”. She continued: “They have a track record of …