So RRB should correctly be called RIB Rate Increase Bond or better BPL - RIP. 15% increase can’t be serious and continuing this incompetent soe bpl? Desaster coming.

The NIB‘s reserve fund is fiction. Nonexistent. The money has been spent (wasted) so the NIB is unfounded best case has a worthless claim against the government. All fiction by people who never attended accounting basics.

How much new debt did the previous administration accumulate? $3bn? So the foreign reserves if offset are ZERO. All wasted.

It would be interested to see the term sheet and pledges requested by investment bank.
If it’s Goldman they definitely will be tough against inexperienced local politicians who know New York restaurants but don’t have and capital market experience. They should appoint international advisers this is beyond our league.

Typo… devalued… but devastated maybe even better.

We’ll meant. But is illusion. Naturally no problem if B$ devastated by 20-30% reflecting real value.

Corporate tax is fine at 15% but only in exchange for removal of business license fee.
Otherwise another tax for support of bloated public sector.
Sell off all lossmaking SOEs including Lucay! Then people will accept 15% corporate tax.

What’s a Rate Reduction Bond?
Biggest nonsense.
It is a hefty price increase for consumers without any restructuring of BPL.
Congratulations to the minister he doesn’t believe this nonsense. Restructure or sell BPL and then issue a bond with default conditions depending on restructuring milestones
achieved by BPL. Appoint professional management and tender the new power plant. Let the process being handled by international experts.

Such a nonsense. It’s sugarcoating of price increases to continue as ever
until total collapse of BPL.

What’s the value of Crypto? Belief only no real assets backing.Maybe better to hand over your
money to Scientology?
Let’s hope their office building can be easily converted if Crypto gone by 2023.
Good luck for 2022 or 2023.👎👎👎