Barbados reveals plan to address debt, FX reserves

Barbados reveals plan to address debt, FX reserves

Fixed Income Economy & Policy Corporate & Sovereign Strategy Barbados

Barbados unveiled a plan to address its low levels of international reserves and public indebtedness, after the country held general elections on May 24, when the center-left Barbados Labour Party (BLP) won all 30 seats in the House of Assembly. The Ministry of Finance, Economic Affairs and Investment said in a statement on Monday that gross international reserves was $220m at the end of May, equivalent to seven weeks worth of export cover, while total public debt was more than 175% of the Carib

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