Up to US$1 billion could be raised for Barbados early next year if Government gives two British investors the green light.
Millionaire securities expert Andrew Stewart and his business partner Stuart Fordham have already met with Minister of Finance Chris Sinckler and the Freundel Stuart administration with their proposal to secure between US$950 million to US$1 billion in a sovereign bond issue.
Using their worldwide connections, the two said they could help mobilise the issue within the next few months as an alternative to going to the International Monetary Fund (IMF).
“We don’t think that this country needs to go cap in hand to the IMF and the stranglehold that they will have entering some of the unpleasantness that has occurred in [other countries].
Please read the full story in today’s Daily Nation, or in the eNATION edition.