Barbados Reported Seeking Jumbo Funding

Barbados Reported Seeking Jumbo Funding

Barbados is seeking to raise funds that could amount to 13% of GDP, according to local press. The sovereign needs $500m to pay off debt, says Barbados’ Nation News, which adds that funds would be raised by issuing Treasury bills, tax reserve certificates, and tax refund certificates. The newspaper adds that the prime minister is pursuing a resolution to raise BBD1bn ($500m) to retire debt. Analysts say that the amount is very high versus the size of the economy. Nation News adds that Barbados, w

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