When a government invites ordinary households to invest their hard-earned savings in its bonds, it carries a serious duty of candour.
This is not a savings account. It is a loan to the Government.
St. Kitts and Nevis is promoting a two-year retail bond paying 4.5 percent annually, with entry from EC$500, as a way for citizens to grow their money and build financial security. Financial inclusion is welcome. So is access to investment opportunitie…
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