Government is taking the development of cultural industries very seriously, having recognized that the industry can make an important contribution to the island’s Gross Domestic Product (GDP).
Word of this came from acting Prime Minister Richard Sealy at the National Independence Festival for Creative Arts (NIFCA) Gold Awards ceremony held Friday at Ilaro Court.
“In tandem with other vital sectors such as tourism, international business and financial services and manufacturing, Government is of the firm view that there are several economic benefits to be accrued from the further development of and investment in the cultural industry,” Sealy said.
“The cultural industries can be a vital source for the earning of much needed foreign exchange for the country and a critical source of employment generation for our citizens, particularly for young entrepreneurs.
“Over the past couple of months, the Barbados Social Partners have been actively engaged with each other to formulate a structured and methodological strategy which when completed will serve as a blueprint for the critical sector,” Sealy added.
He said that through this strategy, an immediate, short, medium and long-term agenda for the growth and development of Barbados’ economy will be framed.
“Plans articulated by the Social Partners include enhancing the attractiveness of Barbados for the hosting of cultural events, developing Barbados as a prime location for international film production and further developing the UNESCO designated World Heritage site of Bridgetown and its Garrison,” Sealy said.
He noted that the strategy, which is already at an advanced stage of completion, will very shortly be submitted for the approval of Cabinet. (KH)