‘LIAT will honour debt, now $100m’


The chairman of the shareholder governments of the regional airline, LIAT, Prime Minister Dr Ralph Gonsalves Monday sought to assure employees that payment of outstanding salaries and arrears “will be urgently addressed”. The Antigua-based financially strapped regional airline owes its staff an estimated $70 million (EC$94 million) in severance and holiday payment, which it is […]

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Antoine: Push for crisis debt ease

The Eastern Caribbean Central Bank (ECCB) is keen to follow Barbados’ lead in negotiating stand-still clauses into major loan agreements that would ease loan payments if the economy was hit by a major disaster such as a hurricane or pandemic. The position was outlined by Governor of the ECCB Timothy […]