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Straughn says 20-year loan from local banks has favourable terms - Barbados Today

Summary by Barbados Today
Barbados will be paying back almost $10 million every three months for 20 years under the terms of a special $600 million loan it has secured from a trio of Canadian-owned locally operated commercial banks, as part of a debt-for-climate swap.   However, Minister in the Ministry of Finance Ryan Straughn says the massive loan will not increase the country’s debt burden but will provide significant savings of approximately $300 million.   He told t…
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