$200m BOSS

Government is taking its Barbados Optional Savings Scheme (BOSS) bonds investment programme up a notch in the hope of raising $200 million.

It will soon be launching BOSS Plus, which will be extended to the wider public.

Prime Minister Mia Amor Mottley announced the programme yesterday and urged Barbadians to invest in their future.

BOSS was a four-year bond programme that was developed for public workers. It offered an interest rate of five per cent per annum, with the interest being paid in two half-yearly instalments.

Mottley told the Sunday Sun that details would be conveyed to the public next month.

“We are looking to raise $200 million this financial year, but we would like this to be a constant feature of Barbados rebuilding itself over the next few years. We believe that there is an opportunity for the average person or company in this country to receive a better rate of return as opposed to normal domestic savings, but at the same time work towards rebuilding the country as we go through these very difficult times.” (MB)

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