Nivard rules out debt default | Daily FT

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Daily Financial Times

Central Bank Governor Nivard Cabraal Says CBSL and Treasury officials not sleeping, but aware of debt challenge and busy on ways to boost reserves to repay debt Says debt restructuring has been an on-going exercise, cites swaps as one example Rescheduling of some bilateral and multilateral debt on the cardsCriticises some business leaders and “internet economists” for calling for non-paymentChides rating agencies for downgrade and insists they will be disappointed by their actionWants those calling for default and rating agencies held accountableWarns default would be disastrous and will lead …

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