Member governments of the Eastern Caribbean Currency Union (ECCU) raised $1.3 billion on the Regional Government Securities Market (RGSM) in 2018 representing a 4.4 per cent increase over 2017.The increase was due to the growing number of ECCU residents who are investing on the RGSM as an option for increasing their interest income.
The number of bids by households grew by 10.0 per cent in 2018 to 263. The value of private bids by businesses increased by 38.8 per cent to $20 million as business and community engagement continued to improve.During 2018, five member governments offered securities on the RGSM: Saint Lucia, which offered $510 million; St Vincent and the Grenadines – $333 million; Antigua and Barbuda – $255 million; Grenada – $125 million.

The post ECCU Residents Diversify Financial Assets through Investments in Government Securities appeared first on inSKN :: St. Kitts Nevis.