Opposition Leader says lack of confidence led to bond being under-subscribed
Apr 22, 2013
KINGSTOWN, St. Vincent, CMC – Opposition Leader Arnhim Eustace says a lack of confidence in the finances of the St. Vincent and the Grenadines government is responsible for the EC$40 million (One EC dollar = US$0.37 cents) 10-year bond issued last month being significantly undersubscribed.
Eustace said over the years, he has been complaining about the declining finances in the country.
“A lot of bills are not being paid by the government because they don’t have the cash to pay,” he said, adding that the Ralph Gonsalves government owes the private sector millions of dollars.
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