Debt Management Program: What It Is & How It Works
Debt Management Program: What It Is & How It Works
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What is a Debt Management Program?
What is a Debt Management Program?
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What are Debt Management Programs and How Do They Work?
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When we talk about debt, let’s be clear; when we came to office, Barbados carried $18 billion in debt on a much smaller economy. Today, our economy has grown to nearly $16 billion, while debt has fallen to just over $15 billion. Meanwhile, Barbados’ Debt-to-GDP ratio has moved from 178.9%, among the highest in the world, to 94.6%. The Government has achieved this through restructuring, disciplined management, and steady economic growth. Even when COVID cut Government revenue by $600 million and
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