Barbadians would have greater confidence in investing in a re-energised CLICO than in investing in any future offer of Government paper, based on what was happening now, says a finance and technology professional.
George Connolly said that the move by the Mia Mottley administration to default on Government loans, thereby leading to the restructuring of bonds and bills held by the Central Bank of Barbados, was a mistake.
The guest speaker at the Democratic Labour Party’s (DLP) weekly Astor B Watts Lunchtime Series on Friday, Connolly lashed out at those who downplayed the default and claimed that an investment in Government bonds is always a risk.
“In some quarters it is being said that even though there is no confidence in Treasury Bills now, that people will come around to getting confidence in Treasury Bills again and take up new offers on Treasury Bills. (SDB Media)
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