Fresh on the heels of a successful debt for climate swap, the Government of Barbados has announced its intention to carry out a debt for social swap next year.
Minister in the Ministry of Finance Ryan Straughn, made the disclosure as he led of Debate on a Resolution on the Barbados Fiscal Framework for 2024 to 2028.
Mr. Straughn says the medium term strategy consists of five pillars, including debt stabilisation and social inclusion.
Another pillar of the strategy is private sector export-led growth.
Mr. Straughn says the intention is to unlock resources within the economy, to allow ordinary citizens to export products and services.
He wants Barbadians to invest in legitimate opportunities and avoid get-rich-quick schemes.
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