Economist praises debt-for-climate swap but warns about risks Emmanuel Joseph23/11/202401.7K views A groundbreaking $600 million debt-for-climate swap deal has drawn both praise and caution from a leading economist. The arrangement, which will fund a $240 million upgrade to facilities including the… Read more
Benefits for bondholders from debt-for-climate deal – Straughn Emmanuel Joseph23/11/202401.6K views Government bondholders will not face losses despite a new $600 million debt-for-climate swap deal with commercial banks, Minister in the Ministry of Finance Ryan Straughn assured Friday. The arrangement,… Read more
Blackman: Time to fully develop knowledge-based economy Shamar Blunt20/11/202401.5K views Minister in the Ministry of Economic Affairs and Investment, Chad Blackman believes Barbados is in the right space to fully develop its knowledge-based economy. Speaking at the opening ceremony… Read more
Fish processors to get work under agricultural workers programme in Canada Shamar Blunt13/11/202401.8K views Workers in the blue economy, including fish processors, will soon benefit from an expanded Canada/Caribbean Seasonal Agricultural Workers Programme (SAWP). Minister of Labour, Social Security and Third Sector Colin Jordan… Read more
Straughn: Simplify economic discussions for ordinary citizens Shanna Moore07/11/202401.5K views Minister in the Ministry of Finance Ryan Straughn is challenging economists to simplify discussions on the micro and macro economy so that ordinary citizens can make wise financial decisions. … Read more
Central Bank Governor says research key to unlocking economic solutions Shanna Moore07/11/20240855 views Governor of the Central Bank of Barbados Dr Kevin Greenidge opened the 55th Annual Monetary Studies Conference on Wednesday stressing that solutions for the unique challenges faced by Caribbean economies… Read more
Govt, IMF satisfied with pace of reform of state agencies Emmanuel Joseph07/11/202401.2K views Long-awaited reforms of the nation’s state-owned enterprises (SOEs), which have been a heavy financial burden on the central government through funding transfers, are slated to be completed by the end… Read more
Central Bank warns of Ponzi scheme targeting Barbadians Emmanuel Joseph31/10/2024011.4K views The Governor of the Central Bank issued a stark warning about a suspected Ponzi scheme operating in the country, after investigations revealed that a company calling itself TKY Media has… Read more
US arrivals jump 32 per cent as visitor numbers exceed pre-COVID levels Emmanuel Joseph31/10/202401.4K views Barbados has recorded its highest-ever foreign reserves of $3.2 billion for September, while achieving economic growth of 3.9 per cent in the first nine months of 2024, despite challenges from… Read more
Banks following financial conduct rules, says Central Bank Emmanuel Joseph31/10/202401.2K views Commercial banks are “largely compliant” with new market conduct guidelines introduced in July, though some accessibility improvements could take up to a year to implement, the Central Bank of Barbados… Read more