Economy

The Central Bank of Barbados wishes to clarify recent inquiries regarding the Governor’s role as an Independent Director on the Board of the African Export-Import Bank (Afreximbank). The Governor’s appointment…

No major disruption is anticipated to port or vessel operations as work gets underway on installing two new electric-powered cranes on Berth 6 at the Port of Bridgetown. The process…

The Caribbean Development Bank (CDB) has secured a record-breaking US$460 million for the 11th cycle of its Special Development Fund (SDF), the largest replenishment in the fund’s history. This allocation…

Barbados must overhaul its tax system or risk falling behind in the global economy, a key figure in the nation’s leading accountancy body warned on Friday.   Jason King, who…

• Opposition Leader slams $5.13 billion budget as a cycle of reckless borrowing and high taxes • Debt repayments to rise to $1.76 billion, threatening funding for essential public services…

Trade unions are gearing up for talks over public sector pay, with calls for wage increases amid reports of robust economic growth. The move comes as the current contract nears…

Barbados’ post-COVID economic rebound has entered new territory, growing by four per cent in 2024, surpassing the global average and marking 14 consecutive quarters of expansion, the Central Bank said…

Barbados has met all its quantitative performance and indicative targets under the current International Monetary Fund (IMF) programmes, but concerns remain about the country’s global competitiveness and business facilitation environment,…

Barbadians are increasingly turning to short-term loans to finance their holiday celebrations, with one leading microlender reporting a 17 per cent surge in demand compared to last year, highlighting the…