Straughn pledges details on $320m debt swap savings

The government will set out in Parliament early next month how it plans to spend an estimated $320m in healthcare savings from its proposed $1.2bn debt-for-social swap, Finance Minister Ryan Straughn has said.

Straughn addressed reporters’ questions about how the projected savings are calculated, how citizens will be able to monitor spending and what measurable outcomes have emerged from previous debt-for-nature and debt-for-climate transactions.

Full coverageBarbados House Approves $5 Billion Borrowing Limit for Healthcare Debt Swap11 reports

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He said a House of Assembly resolution scheduled for the beginning of December would seek approval for the transaction and provide a detailed breakdown of how the funds would be spent.