Government’s proposed extension of the Barbados Optional Savings Scheme (BOSS) bonds investment is being knocked by one economist who has described the decision as “another misread of the investment climate in Barbados”.Kemar Stuart, Director of Business Development, Finance and Investment with Stuart and Perkins Caribbean, said given that Barbadians were still reeling from a decline in their spending power, the plan by Government to introduce BOSS Plus bonds was a mistake.“Barbados is still severely hurting from the brutal and erroneous debt default occurring in 2018 as Barbados made world economic history by restructuring its treasury bills, completely shattering investors’ confidence in Government paper,” said Stuart.“To date, investors have not been fully repaid from the bruising. This act only ever occurred in Russia in 1998, Ukraine in 1998 and Uruguay in 2003,” he said.
