Barbados wraps restructuring as PM calls for debt resilience

Mia Mottley, Barbados, Caribbean, island, LatAm
By Oliver West
21 Oct 2019

The prime minister of Barbados told GlobalCapital’s sister publication GlobalMarkets that she hoped more vulnerable nations would adopt natural disaster clauses in their debt documents to protect themselves from climate events.

Barbados came to an agreement with external bondholders on Friday, 17 months after announcing a restructuring as soon as Mia Mottley took office as prime minister.

The country wrapped up a B$12bn ($6bn) domestic debt restructuring in October 2018, but negotiations with international bondholders proved tricky. In May a ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial