“The International Accounting Standards Board (IASB) today has published an Exposure Draft proposing narrow-scope amendments to ensure that financial statements more faithfully reflect the effects that renewable electricity contracts have on a company. The proposals amend IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures. The IASB’s swift action responds to the rapidly growing global market for these contracts.

Prime Minister and Minister of Finance Hon. Philip Davis delivered the Annual Budget Communication in Parliament on Wednesday…