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According to a research note in the 2019 Financial Stability Report, household debt in Barbados topped $6.1 billion in March 2020, up from $1.9 million in 2000. But Carlon Walkes, Senior Economist at the Central Bank of Barbados and head of its financial stability unit, says there is no immediate reason for concern.
In an interview with Novaline Brewster, the Bank’s Chief of Corporate Communications, he discusses the composition of household debt in Barbados and why the current level does not pose a threat to financial stability.
Watch the full interview below: