In what the Central Bank Governor calls a major show of confidence in the Barbados economy a local commercial bank has announced a large purchase of the government’s Boss bonds.
Central Bank Governor Dr. Kevin Greenidge and Donna Wellington, CIBC First Caribbean’s Managing Director for Barbados and the Eastern Caribbean made the announcement at a joint news conference and signing ceremony at the Central Bank’s headquarters.
Ms. Wellington sees the Barbados economy on an upward track and says the bank is confident about the country’s economy prospects.
Ms. Wellington stresses that CIBC First Caribbean is undeterred by the losses the commercial banks suffered due to the 2018 debt restructuring.
She believes the government’s strategies inspire confidence.
CIBC First Caribbean’s Managing Director for Barbados and the Eastern Caribbean, Donna Wellington.
Meantime, the Central Bank Governor admitted that the debt restructuring created some concern among investors and emphasised the significance of the CIBC purchase in helping to re-energise the capital market.
Dr. Greenidge notes that Barbados’ economic recovery continues.
Governor of the Barbados Central Bank Dr. Kevin Greenidge.
