IDB adds to Barbados bailout

IDB adds to Barbados bailout

Corporate & Sovereign Strategy Loans Barbados

The Inter-American Development Bank (IDB) said it has granted a $100m loan for the government of Barbados to restore economic stability and save some social spending programs. The four-year loan, with an interest rate based on Libor, comes with a one-year grace period, the IDB said in a press release. Barbados' macroeconomic emergency program includes debt restructuring, privatizing state-owned businesses and labor reforms. It also involves granting more autonomy to the central bank to limit fin

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial