The Barbados government has announced plans for raising $300 million on the local market that will be used to finance its operations and manage debt more affordably.
Minister with the Ministry of Finance, Ryan Straughn, told a post-cabinet press conference that, as part of a broader push for additional investment, the Mia Mottley government will undertake a non-deal roadshow to attract more foreign investors.
He explained that with Barbados set to conclude two successful International Monetary Fund (IMF) restructuring loan programmes next month, the effort to secure cheaper financing on the global market reflects a strategy for navigating the coming years.
Straughn announced the issuance of two new sets of bonds, including the country’s first-ever US-dollar denominated bond targeted at Barbadians with foreign currency bank accounts.
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