June 13, 2022 | Colin O. Jarrett | The Bahamas has made plans to limit the debt servicing burden for taxpayers via an Inter-American Development Bank IDB guarantee.
This will underwrite most of its 385 million dollar foreign currency bond issue.
Credit rating Agency Moody’s has given an “Aaa” designation, the highest possible to one of the two sovereign bond series that the government will issue soon.
This amount is being underwritten by the IDB in return for the Bahamas blue economy reforms.
Our strong partnership, with the United Kingdom, @Caribank and the government of Canada through @competecarib has supported the economic recovery of business in the #Caribbean. Learn more here:https://t.co/TKQvdArt3K pic.twitter.com/YisFIv5dDy
— Inter-American Development Bank (@the_IDB) June 11, 2022