The Tribune

EDITOR, The Tribune.

The performance of The Central Bank sale of Securities recently is exceptionally significant not because the securities were over-subscribed but only 25% of a $34m offer caught interest of those who purchase.

On taking office the Rate for 91-day Treasuries was 2.64%… come December 2021 they are now shown at 2.79% for 90-day. Trending up to attract investors – bad sign.

Has B$ borrowing hit a brick wall?

Also our US$ Bonds from the Moody’s story in September have been on a slippery slope…the scary issue is if we were to try to borrow like Minnis administration did forget 8.95% look for 10 plus even 11%.

Can the continuance of a good robust Tourism sector compensate with increase US$ earnings and spend in the commercial sector?

See an observer to your Business section on line commented surely this is a warning and spends like the $31m further on the Baseball Stadium is beyond rational and nothing from a economic perspective supports it.

We have to see revenue collections up… we have to see new projects - talk is cheap approve and require the investor to break ground in six-eight months at the max.

Didn’t Minnis, like the Christie Government, leave a pile of proposals?

Albany wants to buy the long dead South Ocean - stop pussy footing around - sign asap. Doesn’t Sarkis Izmirlian have a project for out west - approve and lets get the flow coming in more positively.

PM you have to be exceptionally careful on Capital Projects. Cabinet must only approve the most absolutely necessary ones … fancy political decisions gone, sir, you do not have that latitude or grace.

STEPHEN MOSS

Nassau,

February 4, 2022.