Thorne slams ‘reckless’ $5.13bn Budget Shanna Moore14/02/202501.5K views • 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… Read more
Governor links pay rises to productivity; unions cite revenue surge Emmanuel Joseph31/01/202501.6K views 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… Read more
Economy grows for third straight year, outpacing global average Emmanuel Joseph30/01/202501.2K views 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… Read more
TARGETS HIT . . . BUT CHALLENGES PERSIST, SAYS BERT MONITORING COMMITTEE Emmanuel Joseph07/01/202501.6K views 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,… Read more
Barbadians turn to short-term credit for holiday spending Shanna Moore25/12/202403.3K views 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… Read more
IMF support fuels concern on borrowing practices Shanna Moore20/12/202403.4K views Growing debt and the implications for future generations have sparked warnings from top economists, who urged a national conversation on the terms and consequences of the nation’s borrowing. With… Read more
No spike in demand for welfare assistance- minister Shamar Blunt19/12/202402.4K views Despite the mounting cost of living pressures, the Ministry of People Empowerment and Elder Affairs reports no significant uptick in Barbadians seeking financial or welfare assistance, according to Minister Kirk… Read more
Financial literacy drive to transform youth money mindset Aguinaldo Belgrave12/12/202402.5K views In a radical bid to rewrite the financial narrative of an entire generation, the Barbados Entrepreneurship Foundation (BEF) is pioneering a radical financial literacy programme that goes far beyond traditional… Read more
SMARTER Project launched to explore biofuels for energy Shanna Moore04/12/202402.6K views Barbados has officially launched the Sustainable Management and Resilient Thinking for our Energy Revolution (SMARTER) project, a four year initiative aimed at converting organic waste and agricultural bioproducts to energy.… Read more
Barbados signs US$500 million MOU with USExim Bank Shanna Moore25/11/202403.5K views Barbados and the U.S. Export-Import Bank (USExim Bank) have signed a US$500 million Memorandum of Understanding (MOU) to improve critical sectors, including renewable energy, cybersecurity, water and sanitation, and maritime… Read more