If the government is or isn’t concerned is irrelevant. Price is price market is market. Talk and interviews will not have any influence. So what? Consumers will pay and drive less. Period.

I am speechless. How will this be seen globally by correspondence banks?

Belize is one of the few countries having diplomatic relationships with Taiwan so unlikely PRC negotiators will be there. Neither not of any interest for Europeans.👎👎👎

This means GS has to compensate swiftly for their Russian losses….

Yup. To put it into Caribbean language 'When the money done, all go home', in other words, Game Over

To ask for the math of this inexplicable exercise

1. Government borrowing money at 9% to pop up otherwise non existing US$ reserves

2. Government buys US Treasuries yielding 1%

3. Government then pledged these US AAA rated treasuries at additional 8-9% p.a loan costs

4. So total cost of this exercise is 17% per annum

Anytime wrong with this math?

Just curious.

It’s a useless exercise enriching GS only.
Hasn’t anything to do with investor confidence as overcollateralized by US Treasureies which enjoy investor confidence. Anyway GS makes risk free easy money.

The can’s kicking down the road coming to the end. Drastic price increases or drastic cost cutting at BPL or chapter 8 or 11. Naturally no hedging possibility due to BOL’s insolvency situation.

Goldman first will cook the books like they did for the Greek government and if this doesn’t work they’ll do the restructuring, a bn$ business for them and our Bahamas will bleed 🩸 for decades, naturally B$ will devalue this way drastically reducing debt.

There’s only one word describing this - economic
“suicide”
And the board will take instructions from the ministry not to increase prices? So they invented the money printing machine?
Better ask Goldman Sachs for a rescue package.
Good luck 🍀