Straughn: $5bn borrowing ceiling doesn’t mean extra debt
Finance
Politics
November 12, 2026
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Doubling Barbados’ special loans ceiling to $5bn does not mean the country has taken on another $2.5bn in debt, Finance Minister Ryan Straughn has sought to clarify.
In a statement following Parliament’s approval of the Special Loans (Amendment) Bill, 2026, the minister said the higher limit was needed to replace approximately $1.2 billion in existing debt with cheaper financing, potentially saving $320m over time for healthcare.
He said: “We are working to replace about $1.2bn of existing debt with financing on better terms. We expect this could save the country approximately $320m over time, once the arrangements are finalised.”
Finance
Politics
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