Bermuda raises its debt ceiling to US$2.75 billion

Finance Minister Curtis Dickinson has tabled legislation which will raise Bermuda’s debt ceiling by US$250-million and allow the Progressive Labour Party (PLP) government to pay lenders over a stalled hotel and condominium project whose future remains unclear. The Government Loans Amendment Act increases Bermuda’s debt limit to US$2.75 billion. On Friday, during a legislative meeting, […]