Former Director of Economics at the Caribbean Development Bank, Dr Justin Ram, has given Government’s proposed Barbados Optional Savings Scheme (BOSS) his stamp of approval.
He said it comes at a time when the region should be moving towards giving their citizens a greater stake in the respective economies.
Speaking on June 5 at a webinar organised by the University of the West Indies Cave Hill Campus School of Business, Ram said BOSS was a win-win situation for Government, which needed the fiscal space, as well as for public workers who have been presented with a viable investment instrument.
“It is a good start because it gives public sector workers an opportunity to save and earn a higher rate of return, while at the same time, the Government can utilise those additional resources to invest back into major capital works. The good thing about it is that it allows the secondary trading of those bonds, so, even if a private citizen or even an institution, wants to buy these bonds off of the public sector worker, they can do that.” (CLM)
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