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NIS gets green light to invest $80 million overseas
The Central Bank of Barbados has granted the National Insurance Scheme permission to invest US$40 million overseas, enhancing portfolio diversification and access to international markets. The phased investment aims to achieve a 15 percentage point diversification in currency, country, and asset class allocation over 12 to 15 years. This move aligns with the Revitalisation Reforms for the NIS and promotes portfolio management best practices.
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