Government borrows US$150 million

The Barbados Government has secured a five-year US$150 million floating rate loan from regional and international investors.

“The amount raised provides the planned foreign financing for the current fiscal year and serves to augment the stock of international reserves, while the recently announced fiscal measures take effect,” the Central Bank said in a statement issued today.

“Consistent with Government’s medium-term fiscal and growth strategy, part of the loan proceeds will be invested in a number of critical capital projects.”

Government’s net public debt ratio is expected to increase to approximately 68.1 per cent as at December 2013.

 

7 Responses to Government borrows US$150 million

  1. Seidre Smith
    Seidre Smith December 20, 2013 at 6:59 pm

    Smh!

    Reply
  2. Ronald Hazell
    Ronald Hazell December 20, 2013 at 7:02 pm

    wow

    Reply
  3. Tarisha Carter
    Tarisha Carter December 20, 2013 at 7:51 pm

    these people are not learning

    Reply
  4. David E Hall
    David E Hall December 20, 2013 at 8:29 pm

    Given the mess that we in and the rate at which the DLP spends money that 150 million smaller than a drop in the Ocean.

    Reply
  5. Prince Nick
    Prince Nick December 21, 2013 at 10:19 am

    THE DAWG IS DEAD PPLS BRACE YA SELVES LIKE IT OR LUMP IT THE DOLLAR DEAD!!!!!!

    Reply
  6. Prince Nick
    Prince Nick December 21, 2013 at 10:19 am

    THE DAWG IS DEAD PPLS BRACE YA SELVES LIKE IT OR LUMP IT THE DOLLAR DEAD!!!!!!

    Reply
  7. Ian Walcott-Skinner
    Ian Walcott-Skinner December 21, 2013 at 12:24 pm

    Lord help us!

    Reply

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