The Government of Barbados and the Barbados External Creditor Committee said on October 18 that they had reached an agreement in principle to exchange some of the Government’s U.S. dollar-denominated debt for new bonds to be issued by Barbados.
The average consumer in Barbados spends just over 60 percent of his or her wages or salary on just three categories: food and drink; housing and utilities; and transport, says the Central Bank of Barbados.
The phrase I like is “modest lending opportunities” because it might suggest to an outsider that the banks can’t find anybody to whom they might lend the money they have taken in on deposit. At one-tenth of one percent.
According to the latest economic review from the Central Bank of Barbados, based on provisional estimates, the Treasury took in close to BBD$189 million more from all revenue streams - direct taxes, indirect taxes, grants and non-tax revenue - than it did for the previous financial year, 2016-17.