Nivard claims Govt. borrowed high and invested low

Tuesday, 22 May 2018 00:02 - - {{hitsCtrl.values.hits}}

Former Central Bank Governor Nivard Cabraal yesterday charged that the Yahapalana regime has borrowed high (6.2%) since election and invested low (2.2%) resulting in an interest gap of 4% on an average reserve of around $ 7 billion.

“It is clear that such practice has caused the country to suffer losses of about $280 million per year, or $840 million over the 3 years,” he claimed.

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