Thursday, April 18, 2024

PM: Bank talks a must

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PRIME MINISTER Mia Mottley is to hold talks with the country’s banking sector on a wide range of issues of national concern.

Speaking last night at the reopening of the Warrens Great House which has been renovated by CIBC First Caribbean International Bank, Mottley told the audience that such a discussion was paramount as Barbados treaded the choppy waters within its debt restructuring efforts.

“We both know we are not here by choice,” she said in reference to the country’s ballooning debt. “We will withstand difficulties and come out stronger for it. I look forward to our respective teams working together for a solution that would be of benefit to your institution and shareholders, and the people of Barbados.”

She said the national conversation would help both sides confront issues such as de-risking, and delinquency by some Barbadians, who, because of the serious economic situation they faced over the last decade, were unable to pay their mortgages and lost their homes in the process. (BA)

Please read the full story in the Midweek Nation, or in the eNATION edition.

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