BARBADOS’ NATIONAL INSURANCE Scheme (NIS) is financially sound but it must pay careful attention to how much of its funds it continues to invest in Government activities and securities.
That reassurance about NIS finances and the plea for prudence have come from Tony Marshall, a former chairman of directors of the National Insurance Board, who is now Barbados’ top diplomat at the United Nations.
“Yes, it is sound and I see no reason for immediate alarm. But respect should be paid on a continuing basis to a prudential limit of investment with the Government,” Marshall stressed during an interview with the SUNDAY SUN. “[The NIS] has to pay careful attention to the prudential level of support for Government.”
In short, the Government couldn’t routinely borrow NIS funds.
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