GOVERNMENT’S FAILURE to tighten its belt and allay concerns about the value of the Barbados dollar has left the international market fearful about the island’s bonds.
Barbadian economist and financial analyst Professor Avinash Persaud issued that warning from London yesterday.
His assessment was that “current foreign currency bond prices reflect a market view that we [Barbados] will default on our government bonds by as much as 35 per cent”.
Persaud issued his caution as a December 16 news report from American financial firm and media company Bloomberg about the falling value of Barbados bonds circulated on social media here yesterday. (SC)
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