As the Regional Government Securities Market (RGSM) approaches its 15th anniversary, member states are celebrating their success in raising over $10.6 billion in Treasury bills and Bonds to finance government operations.
The RGSM was established in November 2002 and has served as an important source of financing for governments at a time when access to bilateral and multilateral assistance has diminished.
The Regional Debt Coordinating Committee (RDCC) has direct oversight for the RGSM. It comprises the senior officials from the Ministry Finance of the countries of the ECCU and the Governor of the Eastern Caribbean Central Bank (ECCB). The current chairman is Dr Aidan Harrigan, Permanent Secretary of Anguilla.
At its first meeting for 2017, the RDCC reported that the value of bids from investors in the regional market increased by 2.1 per cent in 2016 to $1.5 billion. The increase was realised in spite of the decline in the number of securities issued on the RGSM, which fell to 51 from 53. In light of the fall in deposit rates at commercial banks, investors were able to seize the opportunity to increase their returns by purchasing government securities.
Bravo teach this in school so young men and women can invest money they earn instead of spending it drinking or having it sit in a bank or solely depending on physical work as a source of income.
An astounding achievement!
Any way 1 bitcoin is worth 1200 U.S dollars and we were crying it down. Boy we backward in dat country.